I totally agree with you. I have also been a long term investor in ARIAD, since back in the 90's. I have bought it so many times I have lost track of it, I normally sell the covered calls on my shares and have had them called away many times always making a very good profit. In fact my last purchase was 3000 @ 16.49 and I sold the $20 Sept calls this time, they will get called away today and I will have to wait for a small dip to buy them back and do it all again. There has been a lot of money made on ARIAD in the past and a whole lot more to be made in the future I believe.
Sure would like to go back and do that over again.
I hope your right , i'm into this thing at $8.80 a share times 3000. Right now I'm not feeling too good about it.
I know, it sure gets old, one step forward and two back, not the same market it used to be. I guess to play in this market you have to play the puts and calls daily, not for me. It would be nice to see 3 and 4% CD's again, if and when that happens I will be 100% CD's.