>>Can't believe people are piling into these [SUGN] options for a 60 mins piece.<<
Hi, David.
Think "Entremed Monday", last May 4.
I'm not saying SUGN will do the equivalent of what ENMD did [which was: close Friday 5/1 at 12 1/16, open Monday 5/4 at 83, touch 85, and then fall back to close at about 52 on Monday, and in the 30's on Tuesday], but a lot of folks buying SUGN and SUGN options today think there will be something of a pop on Monday.
I'll bet they're right. 60 Minutes is, I believe, the most heavily-watched regularly scheduled show on TV, and a lot of "retail investors" may be calling their brokers Monday after seeing the show Sunday evening.
Actually, I have bet. I've bought a little today (even with the runup). I don't usually play these games [ I had held ENMD for about 5 months before May 4], and when I weaken and do so I am usually reminded why not, but this one looks like a reasonable bet.
An interesting exercise: run a full-text search on SI for SUGN.
-- RCM |
