younger counterparts performing much better than biggies
however when biggies got beaten down i hop on the train
choo-chooing to the great green biotech land for cash $$$
Why does there seem to be a direct correlation between the degree of insight and sense in a post and the number of thumbs down it receives?
Be patients. it will reach to $128.0 again for sure. This is just a short term sell blindly by stupid investors. This is a great company and it will come back. In fact, you should buy and hold.
Sentiment: Strong Buy
I remember a few years ago when CELG released their long term guidance out to 2017. It was $7.50 (split adjusted). All we heard was how that was to aggressive and would never happen. A few years later the estimates are now at $7.72. That is 22 cents higher then the company forecast. Now they release their 2020 guidance and all you hear is that's to aggressive and will never happen. Some day the bears will finally get it. I laid out their pipe line many times on here and I easily got 17B +. The only problem I see with CELG is the mentality of these traders who hold it. My suggestion is if some one doesn't like CELG, then feel free to sell it. I have been I it for a long time now and I buy it every time it pulls back $10. I just keep buying till it bottoms. Every time I have done this, it has been up over 50% within a year on a DCA basis.
Sentiment: Strong Buy
"At least we have a better day going on thus far today..."
Scratch that. On the other hand, losing less money today than I did yesterday IS a better day ;-)
I know this is a great long term own. But as John Maynard Keynes once observed, "In the long run we are all dead". :-)
In a nutshell, CELG is consolidating along with the other red-hot biotechs. Stocks don't just go up (even the really good ones). Corrections are healthy.
CELG is fine, and long-term shareholders can yawn at this month. CELG may well drop some more in the near-term before rebounding, but that's for the day-traders to worry about.
I believe that CELG has just been consolidating the last several months which may be a good thing long term. I mean it rose quite a bit in a relatively short period of time last year. Earnings will be coming out soon and perhaps that will start the next leg up...
Biotech will fuel your dreams then break your heart for sure.
CELG a great company but valuation is only what the market says it is sometimes. Goldman Saks has a fair value much lower. they are wrong but they can say whatever they want to get the stock lower for their clients.
If you need this money to live, you should NOT be invested at all. If you're short term and don't like the decline, than WHY ARE YOU INVESTING at all??? Investors that see the great future of this company will welcome this selloff as yet another opportunity to add to their long term position.
The actual quote by Mark Twain:
"Figures often beguile me, particularly when I have the arranging of them myself; in which case the remark attributed to Disraeli would often apply with justice and force:
"There are three kinds of lies: lies, damned lies and statistics."