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Tuesday, June 07, 2005

Live Action: Short Martek Biosciences Corp (MATK)

I would short Martek Biosciences Corp (MATK) before its today's earnings release. MATK warned some weeks ago and plunged from $60 to $32.50.

Currently, MATK is trading at $35.43, this would be the price of the short position.

Anyway, I'll be ready to close the position in after hours trading in the case of positive earnings release. This is very speculative trade, but I think if MATK continues to make such a low profit of its business, it should dip to lower levels.
Another possibility would be buying June $35 puts with $2.05, but I would not do it at the moment because it would be too risky.

Stock Chart: Martek Biosciences Corp (MATK)

This trade is not with real money, I am just checking my trading strategy.

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