Its all about expectations and they are very low for biotech after months of being crushed by big mouth politicians.
I'd say about $200 on the very low side. About $250 would be reasonable. Close to 20 X the EPS estimate of $13.
well selling at 139 is a lot different than selling at $108.
YOu must be itching to get back in now.
Calling AAPL back to $112 was not an unreasonable call ...but your $75 price is a real stretch. If that were to happen it would be the buy of the century. When AAPL makes an acquisition with their hoard of cash you will see it back to $140.
That is certainly ONE way of looking at things. Another way might be the price delta between AAPL and CELG, since you spouted off... really more telling, don't you think? I am just trying to be objective.
Johnny AAPL going to $75. CELG going much higher. Your advice is consistently wrong. Did you buy both CELG and AAPL at the highs...ouch!!!
Whatever, congrats ...it's up 3% back to where it was on Tuesday. The day still isn't over yet ...so don't count your eggs before they are hatched. This thing certainly didn't do a FB after earning. Remember it was over $124 before Christmas.
if everyone that owned the stock, actually participated in the daily activity, supply and demand would actually apply... maybe. That is hardly ever the situation however. Small factions attempt manipulation, by whatever means, and sometimes it works, and sometimes it doesn't. In the long run, a stock finds its proper valuation... at least as determined by the majority.