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Strategies & Market Trends : January Effect 2004
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To: Biomaven who wrote (32)12/30/2003 7:35:48 PM
From: semi_infinite   Read Replies (1) of 55
 
Thsnks. I was aware of trials of secretin for autism and the scheduled release of phase 3 data. My estimate of downside risk on the puts is about 0.5 less than the downside risk on the stock itself for completely negative data and, upside is also less for the puts by >3.5 for positive data. Today's move may have more to do with the WSJ article on BMY and RGEN's patent on RA using CTLA4-Ig -- something that I need to read more about.
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