Monday, August 27, 2007

GOIH Capital Markets: Hypo Hedge Fund:Biogen (BIIB)--150,000 position opened @62.75---Takeover Arbitrage

Our Biogen (BIIB) position is rapidly increasing. We will add to our position by another 200,000 shares.

We see BIIB going to $70.00 based on our research at GOIH Capital Markets.

We have added a sell stop at $63.25 on BIIB