May enter a position on DNDN this week

[whodi]

Total speculation trade here. Came across this information recently

First up is Dendreon (DNDN - Cramer's Take - Stockpickr - Rating), a biotech company that recently has seen a huge amount of call buying in its July $7.50 and the July $10 options. On Wednesday more than 120,000 contracts were traded and more than 100,000 of them where call-buys for both in-the-money and out-of-the-money July calls.

You don't buy that amount of calls on a $7.40 stock because you think it's a good investment; the investors that make that kind of bet do so because they believe something is going to happen, and happen soon.

Dendreon is a violent stock that has been known to move as much as 40%-50% in one trading day.

http://finance.yahoo.com/charts#char...urce=undefined

[Jimmy K]

here's a good story on dndn from last week

http://biohealthinvestor.com/2007/07...ps-on-new.html

[whodi]

interesting article, thanks Jimmy