Dykstra: Doubleplay With GE and Sanofi

05/22/08 - 08:37 AM EDT

Lenny Dykstra

The stock hasn't been this low in almost four years. It's a Major League company and a great buy at this level. It has $48 billion in operating cash flow and $15 billion in the bank.

I am placing an order to buy 10 January 2009 $22.50 calls (VGEAX) at $8.70 or better.

My second play is Sanofi-Aventis(SNY Quote - Cramer on SNY - Stock Picks) today. I'll keep it short and sweet.

Shares of the healthcare research and development company are trading near their lowest point in the last year. The stock closed at $37.17 on Wednesday, just a couple of bucks above the bottom of its 52-week range of $35.06 - $49.04.

It released some bad, but not unexpected news yesterday when it said its cancer drug, Aflibercept, failed to achieve its goal in a recent study. However, I like this company and think it'll pump out a win.

The specifics: I'm going to buy 10 January $30 calls (OYCAF) at $8.20 or better. Don't forget that if either of these orders is filled, I will place a good-till-cancel (GTC) sell order $1.00 above the fill price.

Always Remember: Life is a journey, enjoy the ride!

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At the time of publication, Dykstra had no positions in stocks mentioned.

Nicknamed 'Nails' for his tough style of play, Lenny is a former Major League Baseball player for the 1986 World Champions, New York Mets and the 1993 National League Champions, Philadelphia Phillies. A three time All-Star as a ballplayer, Lenny now serves as president for several privately held businesses in Southern California. He is the founder of The Players Club; it has been his desire to give back to the sport that gave him early successes in life by teaching athletes how to invest and protect their incomes. He currently manages his own portfolio and writes an investment strategy column for TheStreet.com, and is featured regularly on CNBC and other cable news shows. Lenny was selected as OverTime Magazine's 2006-2007 "Entrepreneur of the Year."

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