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April 1, 2010
Exelixis: Hmmmm.
Posted by Derek
As a commenter here has noted, something odd happened to Exelixis stock today at about 1 PM EDT. A sudden, sustained jump of about 10% is certainly possible without a huge expenditure of money in a stock this size - but what caused it? The delayed options quotes at the CBOE show what looks like a big spike in $7.50 calls with several expiration dates. You can bet the the SEC will be watching closely to see if the company makes any announcements in the next few days. And if they do, they'll be checking to see if those option orders were placed before or after 1 PM. . .
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1. Sili on April 1, 2010 3:34 PM writes...
Apropos of nothing, I think I need to look closer at Google Finance. I like those miniature representations of the plots in the table.
Permalink to Comment2. Old-Timey on April 1, 2010 9:44 PM writes...
Who is going to buy Exel?
Permalink to Comment3. VCbanker on April 1, 2010 11:19 PM writes...
Considering the layoff at Exelixis within the past 3-4 months, I'm not sure anyone's buying much of anything. It's like Sunesis: there's supposed to be great products, but no one seems to believe in them and the company's incapable of realizing the potential of its pipeline.
Permalink to Comment4. goldilocks on April 2, 2010 11:07 AM writes...
You don't think this is the natural response to the success of Arqule's c-Met inhibitor? Exelixis has a lot riding on their own c-Met program...
Permalink to Comment5. Anonymous on April 3, 2010 9:01 AM writes...
u still have not learned your lesson.
Permalink to Commentthe SEC has more imp. stuff to attend to...
watching porn.
6. Craig on April 5, 2010 8:28 AM writes...
The SEC are a bunch of clowns.
They're too busy going after people who break round lots into odd lots than they are going after insider traders.
They hire people out of college who have no clue about what they stock market is or does, ....but they do have criminal justice degrees!!!!!
Permalink to Comment7. Keith on April 7, 2010 11:32 AM writes...
I think that it is about time for the populace at large to realize that all US government regulatory agencies are sleeping dogs whose sole reason for existence is to propagate the myth that "government is looking after you". The truth is that these agencies are deliberately underfunded and intimidated by Congress and its owners in the world of high finance, in order to cripple the ability of the agencies to perform their mandated duties. For that you should thank the massive bribery of our beloved and benevolent Congress people; they never see a bribe they don't like. ( You may see from my comment that I don't buy the tripe about election campaign contributions not being bribes, or that those bribes are equivalent to "protected political speech".)
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