ELN and BIIB In Play

By Johns Wu on Aug 09, 2005

My alert just went off. ELN and BIIB have blasted off for no reason on strong volume. The last time I saw this kind of movement was when the NEJM articles on Tysabri were released. My OCT 7.5 calls are well in the money now! I don't know what to make of it…

Or it could be a conspiracy involving someone with a ton of cash and a ton of cheap AUG calls running up the stock to unload highly volatile options.

This kind of action looks like a short squeeze, but considering theres no news… why? Theres also heavy volume on AUG 7.5 calls on the option chain, which is good because I own some AUG 7.5 calls too!

BiiB (Biogen) Stock Chart Here is another chart for BIIB. THe last time I highligted this stock it ran ...
Wallstreet Crooks on august 8th, i made a post about ELN lifting off for no apparent reason. ...
Did anyone get in this stock…..15 pts ago???? http://www.thebulltrader.com/biib-biogen-idec-breakout/
SIGM Stock Chart (Blu-Ray Play) I know that I have posted this stock a few times. But I think this ...
BIIB Files Tysabri sBLA Today ELN and BIIB filed a sBLA to the FDA, an action that they promised last week. ...

This entry was posted on Tuesday, August 9th, 2005 at 12:36 am and is filed under Market News. You can leave a response, or trackback from your own site.