Interesting. Also large bidder noted today. Came back twice in 227.30 area
Stock held down by hedging of sale of call options by speculators that have read the filings and figured out there is no second bid. Arb bid not very strong at the moment
Arb's must be getting nervous with continual liquidation the last 4 days
to come. there are no catalysts here and some major selling from one big holder
MRK $250 myn for two experimental migraine solutions from MRK. Some thought AGN would go to ALDR...did not or will never happen. ALDR takeover premium dramatically removed from the stock.