1:45pm (EST)

Dendreon (DNDN, $11.81, down $1.84) was halted at 1:30pm and I’m working hard to see get the breakdown on the drop in the stock. The last quote I got was $11.81 for the stock per my brokerage account, and $12.75 on another financial website.

It could be the shorts last stand and the quote could be a misprint. This isn’t too big of a deal because I have told you to protect yourself. If the news leaked early and the results were overblown then the May 10 puts (OKOQB, $0.01, down $0.53) will soar. The bid is a penny but the ask is $2.50. Don’t know what is up with that either…

Rick Rouse