Trades: April 4, 2008

I have to say, I don’t get this one, in an up market day, somehow RIM managed a loss. May be it’s because the recent gain has already factored in the excellent quarter and the good earnings guidance for the rest of the year. This one might have to be just sold, I doubt if I have enough gain to have a contingent sell put in that would be useful. STP on the other hand had a pretty good day, and for this one I did decide to put in a contingent sell though since I want to be sure to lock in the gains, and besides I am still nervous about that particular industry.

I did do two other trades, both are high risk speculative trades, HRPT Properties (REIT), and Dendreon (risky Biotech with Provenge). HRP with a low at $6.58, but the mitigation here is a nice dividend yield and of 12% thanks to their low stock price, and today announced $0.21 a share with a ex-dividend date of April 23. So, there is a potential to go up a bit more on this stock.

Dendreon is quite an interesting story, it’s a biotech with a one shot prostate cancer drug that is awaiting the results of FDA phase III studies. This stock had a wild ride last year, bolting up to $25 at one point before coming back down to earth. The stock has been as low as $4.15 in the last few weeks and is only just now climbing out of the hole. I think I probably bought a little too high here, but the news was that some anonymous investor bought 8 million shares at $5.92, so this is a risky but worthwhile shot.

There is no doubt both are risky, if they go lower, I may reinforce the positions.