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Zimmer Biomet Holdings, Inc. Message Board

  • fimtinnegan fimtinnegan Aug 18, 2008 7:09 PM Flag

    this is not "pump & dump"

    It's ridiculous to say that Najarian's comments are "pump and dump" -- did he buy the 577 September 70 call contracts, 7328 75s, 11,072 80s, or 3807 85s? (For comparison, there were only 168 put contracts sold in that entire range.) Take a look at those numbers again:

    70 577
    75 7328
    80 11,072
    85 3807

    ... all (except 70s) massively greater than open interest.

    Without question, the street believes a takeover bid of as much as $85 a share is imminent. Like all rumors, it may not be true, but it is definitely out there, and hit the tipping point today. Najarian was just reporting what was obvious: an unbelievable spike in September call buying.

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