Monday, December 3, 2012

Monday Afternoon

MLNX Daily Chart (11:15AM)
MLNX - The spreads on options are ridiculous ... but ... I tossed out a 1.90 offer for Dec75 calls and it was gobbled up immediately.  I think this morning's low will hold as the 200 day is just below there and the red support line has held so far.  This company has highly desirable products and is a takeover candidate.  At least that's my opinion.  With a PEG ratio of 0.44 I think others have a similar view.