Merck's Little Buddy

I came across a chart of FoxHollow Technologies (Ticker: FOXH) and immediately noticed that it is breaking out of a cup and handle base with strong volume. The next item I noticed was the soaring revenues year over year, 65.8M in cash and zero debt.

Revenues (in thousands)

• 2003: 2,585
• 2004: 38,552
• 2005: 128,156

Then, there is the fact that Merck is in a Collaboration and License Agreement with FoxHollow and is buying an eleven percent stake. I bought shares of FoxHallow yesterday as it pulled back from its recent run, and was rewarded today as the stock rebounded and put our shares in the green.

• Another action I took yesterday was taking profits in MDTL which had moved up over 20%.