u will regret on your short position soon, buddy.
Sentiment: Strong Buy
We would be lucky to get a biotech bounce tomorrow. Institutions could yank this sector lower...a lot lower....before we get a legit rebound. Its just a healthy play on "bubble" fears.
Long-term, CELG is a layup. Shorter-term, biotech is due for a pullback to flush out retail.
dont know about your celg but i like the stock actions of my biotech picks = we shall see tomorrow = i anticipate a green Easter rally to close the week
While it would open up a whole new area, I think J&J is more concerned with the retail end of things. Plus, when your company has real value it is better to merge with another of like kind and dominate your space.