Amgen? Anyone? No?

Discussion in 'Stocks' started by Martha Stewart, Mar 27, 2007.

  1. It's hit bottom. No? Okay. It's hit bottom now. No? Okay. It's hit bottom now. No?
    Does anyone like this as a long ITM call play?
    How about as an extra long ITM call play?
    Amgen? Anyone? No?

  2. Div_Arb


    I am writing Jul 07 50 puts - and I hope I get put! The valuations are very compelling long term. This company may not have much of a pipeline presently, but they will inevitably sort things out over the next 10 years.

    Buying below 10x EBITDA seems like a pretty compelling valuation for a long term buy.
  3. I'd say price target=51

  4. You should ask Lenny Dykstra...check out his column on His strategy is to go long on deep-in-the-money calls and continuously average down in the assumption that the stock would just have to make a turn by say, July expiration. I think at this point he has approximately $32.9 million in AMGN July 55's...:D