eventually a smart person will figure out IMGN is worth much more than $13 and try to buy IMGN. AMGN needs to build their pipeline, so that's a potential match. SGEN would be among the best companies qualified to come in and improve the business, make the most of IMGN's technology. A larger company with more money to invest in developing the pipeline and success in designing and running Oncology trials would also be a good fit and there are a handful of them Roche, BMS, AMGN, ONXX/Bayer, CELG and more. I am sure AMGN is taking advantage of the favorable old pricing available under their old agreement. If IMGN management does not #$%$ them off, maybe they will warm up to buying IMGN. 2013 could be the year for big gains, or maybe 2014. I feel pretty good about holding a large position over the next 2 years and just trading around the position, selling some calls when overbought, selling puts when oversold.
Best wishes for a Merry Christmas and a Blessed and prosperous 2013 to the IMGN posters/investors and a not so prosperous 2013 to the shorts. I think it's a really bad time to be short just about anything except bonds this year.