Astex Pharmaceuticals, Inc. Message Board

Huge volume again today. Here is something from a news service that talks about unusal trading volume today. This was at 11:25am today:

• StreetAccount reports stocks trading on unusual volume vs full-day 30-day moving average, without immediately obvious company-specific news
o Up on unusual volume:
 288% - ARCP (AR Capital) +1.0%
 264% - ASTX (Astex Pharmaceuticals) +2.4% -- 1.1M share block trades $3.92 (tied to options)
 257% - LAZ (Lazard) +0.7% -- 1.5M shared block trades $36.50
 163% - IPHI (Inphi Corp) +2.2% -- 300K share block trades $9.55
 129% - CALL (magicJack VocalTec) +4.4%
 97% - EVER (EverBank Financial) +2.1%
 89% - QRE (QR Energy LP) +4.1% -- earnings follow-through
 84% - LSE (CapLease) +1.5%

Had an options person that I respect take a look. It appeared to him that someone was replacing their options that were bought in Jan 12 with the stock. They paid 49 cents in Jan 2013 for April 3 calls.

Can't say that I totally understand the logic or intention but wanted to share the info with the group. All I know is that someone WANTS this stock. As I said yesterday, I think there is partnership news coming and if I had a dollar to bet I would say wiith GSK. Just a hunch. Would love a buyout at 8/9 per share.

Max