Transactions for Monday, September 13, 2010:

As mentioned above, using Monday’s prices, we will buy 1,000 September $5 puts of VVUS in the Model Portfolio and 1,000 September $5 puts of VVUS in the Trader’s Portfolio. We are also shorting 10,000 shares in the Model Portfolio. A 1% commission will be charged on each transaction.

Transactions completed Monday, August 30:

As indicated in the last issue, we made the following transactions in the Portfolios using the closing prices of Monday, August 30. A 1% commission was charged on each transaction.

In the Model Portfolio we sold: All of the CELG, ELN, GNVC, and MDCO. We also sold one half of the BMRN, INCY, ISIS, and ONXX positions.

In the Trader’s Portfolio we sold: All of the BMRN, CELG, ELN, GNVC, ISIS, and MDCO. We sold one half of INCY and ONXX.

In the Model Portfolio purchased 15,000 shares of ASTM, 4,000 shares of ALKS and shorted 10,000 shares of ARNA.

In the Trader’s Portfolio we purchased 2,000 shares of ALKS and shorted 5,000 shares of ARNA.