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Cyclacel Pharmaceuticals, Inc. Message Board

  • st953wvh st953wvh Mar 15, 2013 8:27 AM Flag

    Long 200 July $7.50 Calls

    I have recently purchased 200 Call contracts with a strike price of $7.50 and July Expiration. Cost very little, average price 0.23. Little over $4k investment. I expect something big happening which will at least double the current price. If the shares do double to $12, I would make about $85K profit on my calls. This stock has been undervalued for too long, and the recent court activity with CELG screams Partnership or buyout. The other factor which is telling is the action in the preferred shares. Cleaning up their finances for a smooth buy out.

    Sentiment: Strong Buy

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