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Biotech / Medical : Biotech Derivatives

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To: scaram(o)uche who wrote (311)8/23/1999 11:36:00 PM
From: LLCF  Read Replies (1) of 555
 
O.K. just got reminded of something that got my head ticking... CELG just floated more stock [800k] was the reminder that got my head ticking. I'd noticed it's been sluggish, and I was surprised... I'd also notice that lots [for celg] of call options have been trading lately [light bulb]! My thinking is that there's pressure from the secondary being sopped up, and some of the buyers are also selling calls [which in turn cause MM's to short]... it finally budged a smidge today. CAN THE PRESSURE BE LIFTING? I think so, calls are reasonable due to the selling. I'm going to buy tomorrow A.M. Good speculation IMO.

DAK
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