PCYC - Pharmacyclics strength an opporunity to take some profits, says RBC Capital
RBC Capital continues to view Pharmacyclics as one its favorite longs but sees some risk of a post-ASH sell-off. The firm continues to rate shares an Outperform given its proven robust efficacy of PCI-32765. :theflyonthewall
Agree 100%. Eyeing Jan 2012 puts. I think this bloated stock will experience post-ASH sell the news. Plus Rodman & Renshaw gave them a buy with PT = $20. R&R are kings of the PIPE and I wouldn't be surprised to see PCYC lay the PIPE after ASH.
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