Kicking IMGN's rear...again If/when SGEN gets taken out, IMGN's acquisition clock will start ticking loudly and their days as in independent company will be short. Also, price will go up big time. Wishing I had split my investment in IMGN into equal parts with SGEN, but eventually both will be big winners IMO. OK, back to more exciting stocks , the San Diego A's ARNA and ACAD.
up 6% on triple average volume...sweet. I sold my shares at $19 for a nice profit, wish I would have hung on longer but oh well. The higher the market cap for SGEN, the easier it is to rationalize a higher cap for IMGN, so as far as I'm concerned, keep on rollin' SGEN
My wife bought 10,000 shares of Seatthle Genetics, with an average price of 7 1/2. It seems that Bill Gates was a large shareholder several years back and that got her interested in doing the research on it. She has it in here IRA LOL.