Amgen Getting Hit Up

Amgen is getting hit up today in sympathy with its biotech brother Gilead. Gilead had a drug in the pipeline go bad. The two stocks have nothing to do with each other. I would be a buyer were I not so bearish on the market. I am currently short Amgen puts. If we get the market correction I am looking for the first stock on my holiday shopping list will be Amgen.

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