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Intermune (NASDAQ: ITMN) closed at $13.41. ITMN-191/R7128 combination data in January 2009. ITMN's Pirfenidone (inhibits collagen synthesis) data is expected in Q1 of 2009. Robert Baird has a Neutral rating on ITMN. ITMN January option implied volatility is at 189; April is at 175; above its 26-week average of 136 according to Track Data, suggesting larger price movement.
Onyx Pharma (NASDAQ: ONXX), a developer of cancer therapies, closed at $30.09. ONXX was raised to Overweight verses Neutral at JPMorgan. ONXX January option implied volatility of 76 is above its 26-week average of 69 according to Track Data, suggesting larger price movement.
OSI Pharma (NASDAQ: OSIP), a developer of cancer therapies, closed at $33.16. OSIP January option implied volatility is at 78, July is at 60. OSIP average option implied volatility over the last 26-weeks is 67 according to Track Data, suggesting larger near term risk with less outer month risk.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
12-11-2008 @ 10:25AM
BHarrison said...
As I see it, everything is simply too complex for the avearge investor to discern what is a reliable investment.
When the previous "bed rock" institutions and corporations are going into failure left and right, and no one can discern how all of the dominos are going to erratically tumble down, it simply is not prudent to invest in a manipulated market that is in a downward spirlal.
My brother-in-law mentioned how his grossly overextended neighbor is now "playing the market daily" in a desperate attempt to reap some quick profits; but this may result in the guy losing everything (what little he has left to lose). and the local casinos are full of desperate people gambling away what little money they have in attempts to "win big". These are all signs of desperation by those who can least afford it all.
In Las Vegas, "the house" wins 90% or more of the time; it's the same on the stock markets . . . the BIG GUYS, who are manipulating the markets win 90% of the time too.
Prudent investors are not going to invest in a chaotic and manipulated markets that have NO INTEGRITY.
When institutional investors invest in T-Bills that have "ZERO INTERESTS" rather than invest in the markets, that certainly says a lot about even their lack of "faith and confidence" in the markets.
The institutional investors merely reflect the condition of the markets . . .