Please do NOT sell your shares as a split by BOD has a huge probability of happening by the end of the year based on the wise suggestions as above assuming you still have some left. A number of people have sold theirs at $100.00/share and are bitter today. Sell after the split. If you REALLY need money sell some of your stocks at a loss.
I don't agree that a split is necessarily a good thing because any increase in valuation after a split has to serve twice the number of shares. Without the split, the price is double, but upward movement requires less heavy lifting.
A split would make sense because although BIIB is a great company I for one would never ever shell out $300 plus a share for it no matter what the multiples are---GILD and CELG are much more attractive mainly because of their splits
I noticed that when it was trading near 320, there was huge put volume at the 300, 310 and 320 strikes. open interest ballooned to 2800, 2400, 1400 respectively. Now those expire worthless with trade above 320. So, a conspiracy theorist would say it was walked down to 320 so those puts could be sold.. a realist would say that smart players simply took advantage of the weakness. There is a lot of open interest in the 340 call, so my guess would be BIIB closes below 340 on Friday.
Many times I bought a stock and watched it go flat or drop while the "others" fly, then sell and the stock takes off. Ever happen to you. If we all had crystal balls we would all be rich.
this stock moves in spurts. some consolidation going on here. wouldn't worry too much. fundamentals are excellent and stock will make it's move.......eventually.
I have an "ill feeling" about this one well. However, Inote volumes have been below average lately so that doesn't suggest any big holders are dumping the stock, and that allows "players" to move it around a bit.. Question to the options poster : it appears that PUT premiums are exceeding CALL premiums, even though CALL options have theoretical unlimited risk (and as such, should be priced higher) - is that an unusual thing to have going on with this stock?
thanks for the insight, it's still a ill feeling that the one I owned is not moving and watching the one I should of buy are moving a ahead. luck of a pick.
This Friday is option expiration for August and max pain is about 320. I bet big money brought the stock down to induce max pain. After Friday the stock will recover, hopefully go back over 340 and to new highs .
I remember the original stagger lee, but you're probably too young to remember. yes, it is highly volatile but when it gets on a tear, there aren't many out there like this one.