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Biotech / Medical : Immunomedics (IMMU) - moderated

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To: li3511 who wrote (7900)10/20/2009 12:04:36 AM
From: kdd999  Read Replies (1) of 63326
 
My thoughts exactly on HGSI.

There are a lot of people who HAVE placed that bet. Short volume is 15% of the float, and it's tempting to do so.

The stock was below $3 before the Benlysta build-up. There is 25 in this stock for Benlysta. It could definitely crash and burn if there is a failure. Would be nice to be short that day.

Maybe I'll take a flyer and buy some Nov puts, but they are already pretty expensive. Implied volatility is extreme, it's on the top ten list today, as you might expect.
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