Yes, very transparent. I'm an investor and I love CELG but I hate the manipulation games. I don't accept that in our free markets, big funds/hedgies are allowed to spread misinformation, message board FUD, and bear raid a stock to create panic selling, while the perpetrator scoops up their ill-gotten gains.
CELG seems to be running on a Technical cycle that is counter to the rest of biotech. When other biotechs are going up and showing signs of topping out, CELG is finishing its down cycle for consolidation. I have been in CELG for a long time and plan to be here for a long time yet. I don't fret about the daily gyrations of the market. That garbage is for day traders. Every single year come December, CELG is always higher then where it started. Last year gave us a 30% + gain. If you own CELG for only a few weeks then your not taking a long term approach. I know when I see CELG go down 5 or 10 dollars, I think "Holy #$%$! I got to buy some!". I have had a buy in for $110 for over 3 months now and still waiting patiently for the market to be stupid enough to get me my bid.
Sentiment: Strong Buy
S&P Biotech Index "XBI" was up over 1% today, but we keep getting #$%$.
Thoughts? Opinions? (please give your rationale)
I bought 3,800 shares near the end of February and am already down over $20,000 on them. Not a happy camper today, or these past two weeks.
I didn't expect anything new, don't think too many did. Three financial conferences in a short time frame.
believe that enhances the chance of success quite a bit and today at the conference they will probably touch on these different partnerships!
Some serious activities again today on 3/20 120 call, no sure they were new positions or not. Smell likes something big
I think your decision of sell AMGN and buy CELG is a very smart one. AMGN has already priced in much of its out years while CELG is still trading at a discount. CELG is currently the cheapest biotech in the industry on the out years earnings. I have checked this personally to look for good values. Every biotech I look at trades at 20x or more its 2017 earnings already while CELG only trades at 16x. CELG is getting discounted right now because of its patent case. This should clear up within the next 12 months. After that it will get a premium to its peers from its powerful pipeline. The patent case is going overwhelmingly in favor of CELG with 3 of 4 claims already dismissed and the last one looking to be a win for CELG. I think this give it the most value simply because this patent case is causing CELG to trade at a discount to its peers.