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Idenix Pharmaceuticals, AŞ Message Board

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  • techtrader79 techtrader79 May 25, 2012 12:49 PM Flag

    Jon Najarian recommends long Idenix [IDIX

    You did call it on Wednesday well before Najarian. Nice job! Any thoughts as to what's driving the option action? Aquisition talks? Settlement with Gilead in favor of Idenix? Or?

    Any other option activity in Biotechs that caught your attention? M&A is pretty common as ASCO approaches.

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    • techtrader: It just seems to me that several Biotechs have been doing nicely recently. It's kind of strange because it has been a while since I've messed with them, just started back again in January. I'm not seeing anything particular today, but I will share with you what Bios I am holding at this time: RPRX , IDIX , THRX. On THRX note that Glaxo purchased 88,468 shares in the open market on Feb 14 for $18.12 per share. Also note that on May 16 they gave THRX an infusion of $212,887,000 for 10,000,000 shares at a price of $21.29 each. I am hoping that this helps to put in a floor around this level. Happy Trading !

 
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