1. It does not take a hedge fund to realize that 110 and 011 works making this company severely undervalued.
2. SEC is trying to ban him from overseeing other people's money (25% of SAC). I would believe that most investor money has already been liquidated.
3. Its going to take years.
4. This has nothing to do with SAC's 75% of investments. If he wanted to sell everything and buy a small country somewhere right now, I guess he would orchestrate an acquisition for $50 right now or wait 18 months for $120.
5. $4-5 billion is much easier to swallow for Pfizer than $10 billion for ONXX.
SAC capital owns 4.9% of celldex, hence sizable. But probably if let's say the improbable improbable he sold tomorrow there would be hands to immediately grab up the slack. On the positive side what F does he know about Celldex. Translate it could only be significantly better than the price today. He must know that there are others waiting to buy this with a price tag not under 50.00, that is today, repeat today. By 2015-16 this will be well north of 150.00+
I warned everyone about SAC capital dozens of times, trust me he was playing games with this stock in the 7 through 15 and would have waited for the right opportunity to continue to play both sides. CLDX is making it on its own merit not some crooked hedge fund.
No. His CLDX investment means he's got positive insider information. He must have received information that BP is looking into acquiring CLDX.
That could be sarcasm that could turn out to be true.
Not at all. 75% of the fund is HIS money. He will not sell CLDX, and if he did, it would only be 1/4 of his position and he would not do that until litigation is over and IF he loses...and that is years down the road. Some have said the SEC doesn't have a great case.
Sentiment: Strong Buy