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Seattle Genetics, Inc. Message Board

  • kingsolomonofisrael123 kingsolomonofisrael123 Jun 20, 2012 12:24 PM Flag

    SGEN expect a bearish move!!!

    I am sell a call spread. Just because the CEO goes on Cramer and makes friends the stock goes up.Also the EBIT and cash flow is not looking good. I mean I can go on and on, but the point is the same there is not enough volume to support this rally. Also I don't think a sample size of <120 patients is enough to reflect the effectiveness of the drug and also were is the short term assets being held in??? Sorry for the lack of details but this is all signs of mutual funds trying to support the new level with there buying pressure and they will dump soon just as the insiders have already done.

    -37 SGEN 100 SEP 12 20 CALL
    -37 SGEN 100 SEP 12 22.5 CALL

47.65-0.17(-0.36%)Jul 2 4:00 PMEDT