FWIW:
2:58PM Amgen sells off on Wyeth rumor (AMGN) 50.66 +0.28: We are hearing Street talk that WYE has plans to sell 20 mln shares of AMGN tomorrow after the lockup expires (recall that WYE owns about 7.5% of AMGN as a result of AMGN's acquisition of Immunex, and has filed its intention to sell 98.28 mln AMGN shares). Bear in mind also that this has been a recurring rumor this week, and has not been confirmed.
Virtually Yours,
Pat Bateman
Virtually Yours,
Patrick Bateman
"It puts the lotion on its skin or else it gets the hose again."