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Seattle Genetics, Inc. Message Board

  • braveneweconomy braveneweconomy Nov 6, 2013 3:25 PM Flag

    Looks very weak & heading lower

    Looks to want to pierce 200dma just below 37. When that breaks 31 is the next level of decent support and probably get some buyers there to stabilize.

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    • $31 is my target. 20ml+ in short covering and fund buying pushed this to irrational heights imo. Maybe it is time for a reality check. Selling the March or June puts look better to me than an outright buy now for the most conservative investor. The March 35 returns about 10% or gets you in at about $31.50. Selling in-the-money calls if it is in an IRA would accomplish about the same. Unfortunately the low volume has created large spreads for some of the options.
      Just my worthless opinion

31.85-1.03(-3.13%)Feb 5 4:00 PMEST