Amgen? Anyone? No?

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?
No?
How about as an extra long ITM call play?
No?
Amgen? Anyone? No?

 

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.

 

http://i11.tinypic.com/2a96xs5.gif

I think it could have a shot at 60.00

 

http://i5.tinypic.com/2pselqp.gif

2 year chart about to touch the trendline

 

I'd say price target=51

 

http://i14.tinypic.com/29blsv6

I guess they could run it down there

 

You should ask Lenny Dykstra...check out his column on thestreet.com. 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...