Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: rkrw who wrote (9473)	5/24/2006 9:47:23 PM
From: Rocky9	Read Replies (2) of 10280

"If this is real, no one should be surprised about leaks. Sure would be funny if it were pfe." Someone dropped way over $1MM on short-term way-out-of-the-money options (the June 60s). If there is a leak and the buyer is an tipee, he/she will make a lot of money and do time. If it is spec buy, it has to be one of the dumbest buys of all time (there were three very large purchases within 5 minutes right after 2PM). The trader that I heard from said that he had never seen a purchase like today's. A third (and much weirder) theory is that a big current owner bought the options to start a rumor and thereby increase the common to unload. It will be interesting to see how it plays out.

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