Monday, October 09, 2006

Trade of the Week # 2 (rarely happens)

Acorda Therapeutics Inc.'s volume rose after the biotech drug developer announced a private placement of around 3.2 million newly issued shares of common stock at $9.75 per share, expected to close on Friday. Volume increased to 13 million shares, versus average volume of 1.6 million shares, with the stock climbing $1.32, or 10 percent, to $14.89.

*Purchase price, 1280 shares at $15.27. Sold the whole position near the high of the day for $15.95.*

Net Profit : $873.60
Trading Time : 2 Hours
% Gain : 4.47%

2 comments:

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Tanady said...

Hello,

Your blog are really well organized and full of information. Thank you for sharing... (smile)

My name is Cornel Tanady, and have been doing some research about options trading.

Kindly visit my blog to know more about options trading and leave some comments please.

Thank you very much.

Sincerely,
Tanady