SVNT...A friend of a friend said...

Harry said: "Really and old fashioned rumor good here, A friend of a friend (SVNT Emp) said that this company in looking for a marketing group to sell this local NJ company, Savient Pharmaceuticals Inc. The company has a conference call set for March 12."

Rbreb13 said: "Even Cramer has espoused on this being a possible takeover target. So there is some basis for the rumor. But it might be a rehash of old news."

Harry said: "[QUOTE=Rbreb13;63748]Even Cramer has espoused on this being a possible takeover target. So there is some basis for the rumor. But it might be a rehash of old news.[/QUOTE] Ack...I hate being too obvious. THis is a direct source. Hint: SVNT is in the neighborhood. I think since Cramer is from Summit NJ even he knows more than he can blurt out."

JAP said: "I just looked at the chart. What caused the huge spike in mid-December?"