Once again Shortie Ortie inadvertently calls the bottom, up over $3 since he posted.
Lucky he only uses pretend money to play.
Bought more today. CELG is on "sale", price way off highs, but no bad news.
Sector rotation it seems. Money might be moving out of biotech sector after recent huge gains. I would be cautious to put new money in this for a while.
This is just short term effect, momo players taking profits.
Institutional buyers accumulating.
Easy 50% appreciation in CELG by YE'14!
Sentiment: Strong Buy
Biotechs have been getting hammered. People are selling shares for less than you owned them for yesterday. Valuation is arbitrary, if you feel its undervalued, you simply buy more at a discount. That's what I just did, see you at 200 year end.
Today's reason for drop was primarily surround by short manipulation and stop loss kicked in. After Obama's speech sell of happened in every biotech area. Nothing reflected negative on the company as such other than some insider selling. If you look at the insider transaction it was happening every month so I just ignore. This is how investment company gets the cheap shares. Huge block buying at the end on last 30 minutes answer upward moment the days ahead of us. Good luck guys.
Looks like this was a biotech sector selloff today. Nothing company specific to CELG. Glad I added to my position this afternoon. I'd take a few more sessions like this....with no official bad news.
Not sure what other people are seeing, I am surprised the big boys aren't coming in but they will soon due to the split
it's about as solid a company one can find in biotech; free cash flow is mind-boggling; pipeline strong; don't let a days worth of trouble in the sector influence your view of the stock and company
Just a technical trade. If you are long term holder welcome it. It means the company you own is now able to buyback more stock at cheaper prices thus increasing YOUR stake in the company. It's all good