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Astex Pharmaceuticals, Inc. Message Board

  • kyjellie kyjellie Jan 21, 2013 9:39 AM Flag

    Covered calls

    Better watch out rory, this week they announce results from AT13387. If they were bad they would preannounce them. I see the dilution on Friday as a good sign. There must be some demand to use these options. Why else did they activate them. I like how all the cry babies who complained about no insiders buying, now want to see this as a bad move by the company.

    Did rory write some covered calls? My guess is yes. This is why he desperately wanted to paint the dilution on Friday as something horrible. Of course rory cannot come out and admit he's a idiot, he has to hide behind new id's. If you want to keep your shares rory, you going to have to pay a premium to get them back.

    Sentiment: Strong Buy

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    • free,

      I believe he already lost those shares on Thursday. He probably wrote the $2.50's and needs the share price to fall, so he can get them back. Why else would he claim he's long, but bash it at the same time? If there's one guy stupid enough to try and make a few bucks on covered calls, it's rory. It backfired on him. This is why the attacks on ky. If rory was long, why would he attack you personally? The best medicine is insiders to start buying heavily.

      A partnership deal maybe in the works, this would move astx above $4, maybe even $5. Throw in some institutions wanting to get on board, this dilution on Friday, was a premptive move. They didn't do it because they needed funds, that's for sure.

      Sentiment: Strong Buy

 
ASTX
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