sorry cant believe it until i see it, it is like thier talk on spinoffs, hasnt happened and this is even more unlikely verbage.
I think you are a short or you would already know that answer, look at AMZN OR MANY other "high priced stocks" it is about the future not the past.
you are correct and ice is a little touchy today, the fact there is that poison pill is just another reason that it will go through but it would even without it. AS stated before the only way this doesnt go through is a major fraud find on BRLI which is extremely doubtful, without a financing contingency you rarely see a deal fall through or a white knight I challenge anyone to come up with one that has in last 4 yrs.
OT: CB is getting bought by ACE for .6019 shares and $62.53 per share cash, giving a lot of thought to buying multioples of 10 jan CB $100 calls and selling 6 feb ACE 90 calls for cost of around $3700 to make profit of $13250 if ACE stays above $90 by closing and profitable as long as ACE stays above 70 I love the fact that now so many stocks have options when that wasnt so true in 2008. It is making M&A arb very porfitable again and easier to do.
iceman my time table also, it is good to see this move so timely, I am rolling all profit on arb to OPK stock. at closing for my accounts and my sons. This is going to be much higher a year from now and I have patience to wait for it.
PATIENCE for those that cant spell and patients for the doctors to treat but I agree I have been doing this for 50 yrs and never saw anyone get top and then buy back at bottom nor would I try. I just want the 80% in the middle
when a company files these they leave dates out to be filled in after approval from the SEC is recieved. Once approval is recieved the dates will be filled in and proxies sent out to shareholders as of a certain date. This is going to be done by some time in september IMO which makes me very happy
I have found this board to get the most red thumbs because of the multiple ID bot that seems to live here. I spend 10 mins a day putting his new ids on ignore. and they fill a half page If you dont get several red thumbs you have a really bad post, lol
I was in aapl for years and we had some more sophisitcated shorts there they would pump extremely hard and get peoples expectations extremely high before earnings so that they couldnt meet then there would be a selloff Seen it on other boards also, it works a lot better for shorts imo
it is on there websites and was sent out by IR as an alert before market opened and is on all yahoo news under both companies.
yes but their are only 2 hyperactive fools on that board and easy to ignore on HZNP but on OPK man I have to spend 15 minutes a day putting new ids on ignore.
as I have explained to you before that is not true, you can make more doing the arb in options buy 4 BRLI nov $35 calls and sell 11 dec opk $14 calls for a credit to make 1400 plus your credit with a need for margin but no cash from your account or interest charges. this is a lot easier than borrowing stock or paying juice charges to the broker.
yes I just figure differently on what is free and what is investment. I just have to figure out what you are thinking as I believe what you say. I would suggest that since you will bet 4220 shares of OPK at closing that you consider selling 21 OPK dec $17 calls tomorrow for !,55 this will give you $3250 and if opk is above 17 in dec you will still have 2120 shares that you will only have a total investment of the original 62000 minus the 3200 on options minus the 39000 you sell the 2100 shares for or a total of $20000 in 2120 shares approximately a
fter commissions or 9.43 per share. and if it is under 17 then your cost on the 4220 shares will be 62000 minus 3200 or
13.93 per share. just a though on risk reduction which is usually important to me. I do a lot of option strategies for risk reductioon and profit.
iceman, you know as well as I do that the accuracy of drmiami statements have to be taken in general and not specifically for example he says he bought 1509 shares today which I will take as fact but not for 60k as the lowest price was 41.06 and lets say he got it at 41.10 then that would be 62000 most of the day Brli traded at a 7% discount to OPK as I watched it all day as i was bought 40 BRLI nov calls to add to my position at 7.80 and sold 110 dec OPK
$14 calls at $3 so he made 7% more shares of opk he will end up with 4177 which will give him 273 shares free va having bought 62k of opk today No mat=ter where the price is he will get 273 shares free the rest will be from appreciation or loss of stock value. but not free. It may be the way you look at it but doing spreads and arbs teaches you the numbers and how to figure and that is how it is. I confuse numbers occassionally or make errors and i will give him a rounding on the 60k but he will not make 15k on that trade free. vyr rgw 273 times todays price is what I would figure the rest
he would make on the investment. Now what I would consider is selling 47 dec OPK $17 calls at 1.55 for another 7250 dollars reducing my investment to 55k rounded and if OPK is above 17 taking my profit of $16000 to the bank and if not then my cost in OPK would be 13.17 It takes profit potential out on topside but reduces risk if not wanting to do all then do 23 calls and if it closes you now have 9.58 per share in opkon what u have left if it closes above 17 on what you have left or 12.31 if it closes below.17 on all of it
what if what if those are statements made by fools not investors, or bears, on stock swaps the merger unless fraud is discovered rarely fall thorugh, if memory serves me right BRLI has to pay 50 million to get out. this deal is 99.98% done it is only a question of when and all things point to september. I expect a SEC filing this month