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Picking direction in Big Pharma

Today I purchased Arpril 70 puts in AstraZeneca. In the white-hot Biotech/Phrama one must choose whether to chase the stocks to the upside or hope for weight of gravity to bring laggards back to earth. AZN, in my opinion, has been flung up by all the maniacal merger activity happening all around it.

optionsforum.net/topic/176/azn-picking-direction-in-pharma
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