What other biotechs are you guys looking at these days?
Well, if you like SGEN, you should like CLDX. They are licensing SGEN's technology. Also like MAPP for a near term bet on approval at the end of the month. I have a nice gain and have picked up some calls, but want to protect my downside on the shares I own with some puts. Will wait until it rises further though before doing so. Other stocks that I like are EXEL and ARRY. Both should have material news forthcoming in 2012 with significant upside IMO. I have large positions in both. Good luck.