Immunomedics (IMMU) - moderated Message Board

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Biotech / Medical : Immunomedics (IMMU) - moderated

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To: menwhowipeafterpp who wrote (8021)	10/30/2009 2:31:38 AM
From: menwhowipeafterpp	Read Replies (1) of 63324

I was keeping my powder dry at $4 - $7. Suddenly, those $2.50 put contracts for January and February (1.84 million shares) are not looking so bad. And they haven't budged. Seems like a foregone conclusion. Just when the overall market is about to break. In any case, I do not believe that anyone is actually banking on $2.50. The mother lode payoff is probably below that price, but I suspect that they are already in-the-money. It is all too convenient. I stated recently that "I wouldn't read too much into options, except maybe as a contrarian indicator." I should qualify: unless you suspect market manipulation. For the record, this possibility has not guided my trading much.

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