Seems everybody and his brother wants BLUE to get acquired. I don't mind them being an acquisition target--it certainly helps the share price--but I'd be greatly disappointed if SCD data comes back overwhelmingly positive and the company is sold shortly thereafter. There is so much potential value in this company that if just SCD and b-thal hit, the current stock price will be laughable ten years from now. Add on other targets including cancer and HIV, and man oh man. If those hit...
Well, that's certainly possible. I haven't purchased any. Just mentioning that it's out there. People should ultimately decide for themselves. Playing options in SRPT has been incredibly dangerous.
No, but as you can see from this board, a massive amount of shorts have jumped on board. They used the rumor to hammer the stock. They'll probably be done around $140 support, but might possibly push for more. It's possible the stock is dropping based on some bad news investors aren't yet aware of, but I highly doubt that.
Well, I consider it a net positive, but I also wouldn't suggest people go out and load up on calls. We know how that has worked in the past.
Also, from a technical perspective, SRPT is now in the clear to move higher. So that could simply be the reason for the call buying.
Well, I wouldn't say "Boom!" just yet. We do know from the past that the majority of call action has probably been sells, taking advantage of the positive momentum. I do take comfort in knowing, however, that this latest round of call activity is being done with so much negativity around the company. Suggests that it is more likely buying than selling, particularly when they are going off on the ask despite the large spreads.
Please be realistic. You are suggesting a premium of 900%. NEVER GOING TO HAPPEN. Let me repeat that: NEVER GOING TO HAPPEN.
Posts like this are why shorts love SRPT. Because you create completely inflated, absurd expectations. Please stop and try to think.
Or... gradually buy a range of calls spanning several months. Because that is exactly what has been happening.
Been steady buying in calls for the past week now and doesn't seem to be letting up. Possible that the call buying is strictly based on technical movement. Also possible that they are actually being sold, but that seems unlikely this time. You never can tell, but I think it's wise to pay attention to the option activity. It shows the sentiment has changed.
Approval? What are you talking, gary? Are you suggesting next July? There isn't going to be any approval this July.
Agreed. 10 boys still walking after 3 years on eteplirsen is "inconclusive." Especially given natural history. According to natural history, they should be scaling Mt. Everest. AMIRIGHT?!?!