There was the cup an handle! Now we have a Cup with No Handle formation. Left side of the cup was late March at 129.06. Currently breaking out.
I own zero shares of celg. But got a few $170,175 jan16 way otm calls before the split. They have done great and are nowin the money ($85,87.5). I would like to end up with a long term celg position through shares and with all the new sky high price targets I'm tempted to hold these to expiration to pick up my shares at $85 this Jan. The little I know about options is to rarely hold them to expiration, so Im wondering if this might be a case to consider holding leaps to expiration. Thanks
CELG has been in a 6 month consolidation and was beginning to move prior to buying RCPT. the ave target price for CELG was $146 prior to the RCPT deal. my shot-in-the-dark guess is we won't see $120 again without a huge broad market sell off or bad news on an individual drug.
what did I tell u last nite I have been doing this for yrs it is 9 out of 10 times once u get a real big pop u will get another pop the next day only just a little smaller
I told yall last night you always buy the pop after the pop because the next day it will be up as well it is early and its already up over 2 bucks
we get another 5 points today it is as easy as pie happens everytime one pop gets you another pop second is always smaller
The big pop is already over. My core position has been in for the last $80's of pop. My trading position was on for the last $20's of pop. Trying to catch the little pop is silly.
I would never sell all of CELG, but I would trade a bit around my position. I like doing that it amplifies my returns.
I am just staying in, sitting tight. $25 a year to 2020 isn't bad. Sure timing it is great but can it really be done?
I am thinking $250 $260 in 2020, was using $12.5, now $13
Who in their right mind buys at a all time new high on a huge move like this? You need to revise your strategy.