Bought GIGM and ID

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October 1, 2007

I’ve been wanting to get into GIGM for awhile now. It was on my September list of buys.

I also bought some ID and some ALKS November 20 call options for .75. I got into ALKS because I think the chart pattern on the daily, weekly, and monthly charts look good. Notice the pattern on this daily chart?

ALKS - Alkermes Chart 10-1-07

I wouldn’t have bought ALKS if the weekly and monthly charts didn’t look good as well. I’m not traditionally a cup and handle buyer, but if other “things” line up with bullish chart patterns than I act.


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