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ONYX Pharmaceuticals, AŞ Message Board

  • bearofbleecker bearofbleecker Jul 18, 2013 7:47 PM Flag

    "Sources"?

    Let's not be so naïve as to think that the market was stampeded by unnamed "sources" stating that PFE was not going to bid. I don't think that anyone imagined that PFE would be an active bidder. This was a staged bear raid. Whether the intent was to pick up shares cheaper or not will become clear eventually. I still feel that the arbitraged price is 134. I think that options expiration tomorrow will tend to drag this up. I look for another dip at the open, which I will buy into. Still holding all my pre-AMGN shares, plus another 500 bought at the close. Our prior 47 point bump makes this easy. I traded the movement today and lost $860 in my regular account (tax deductible) while making $880 in the IRA. I think that someone is playing games, but that all of the danger is on the short side. Big fun.

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    • Sources have safeguards from getting sued by SEC. Preet Brahrara told CNBC--if you read the full transcript given to a reporter--they always a statement-- I think,I hope,I expect---not attributing it to any co.This is a normal trick by hedgies--which is difficult to proscute although a modified LIE.

    • This is how I plan on playing it as well .. I bought the 130 put myself and I caught the news early. So I plan on a decent sell off in the first 30 min. of open then I am going to sell out.