Tuesday, February 26, 2008

Najarian: Sell the Take-Two Rally

Take-Two shares soared Monday on news of the EA bid and hopes for a
higher offer to come. But Jon Najarian, co-founder of
OptionMonster.com says falling options volatility amid the stock's big
advance suggest the smart trade here is to take profits.
Other tech stocks showing up on Najarian radar: Marvell Technology and
Ciena, each with heavier-than-normal call buying. This could be a sign
of a potential takeover or merely a reflection of two stocks that have
fallen on hard times.
(c) Yahoo!

Gaurav Shukla

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