Read the July 31st news. Flush with cash? Their EPS would not be negative if they were flush with cash. As the report says-still losing money.
Pumped it up to 52 and will do it all over again. They can play this stock like a fiddle. Who's in this time around? Time to buy this falling knife?
Baker Boys need to report another purchase so they can pump this thing back up. I'll be there for the run-up as soon as the news hits.
Buy below the Baker Boys. Of course you think they NEVER sell. Instead they watch it go up 10 bucks and just sit there? They control the price of SGEN. Take a look at JUNO. Big risk but great day trading. Try it instead of watching it go way up only to come back to reality. I sold AAPL Monday for a profit and it has lost 10 bucks a share. Don't fall in love with your stock. Take what you can get.
Phase I is always open label, hence they know all the results and they appear to be excellent. That is why they feel that they have a real shot with the FDA to directly design the Phase III trial and get accelerated approval.
Hi Red, I have been here a long time and owned this stock since Bill Gates was involved, as I know you have. Just haven't posted recently. I don't really pay attention to any of these clowns, it's not like SGEN is GE and has a really good analyst assigned to it! Anyway, I think there is tremendous untapped value, in particular with 33, and the comments that they want to have registration discussions with FDA....I believe the Phase 1 which isn't even finished is open, so they can see the results?
Nice try, but ATPL did not assert that SGEN trading under fair value. He responded to and smothered YOUR challenge about whether pipeline was included in the analyst's estimates (it clearly was not, so you are wrong there) and he challenged YOUR assertion that SGEN "is trading on takeover value alone," which it is not, given its pipeline, so you are wrong there, too.
So you're telling me a company with a $5 bl mkt cap, $300MM in revenue and nothing but losses is trading under fair value? PLEASE. All these biotech are trading at FUTURE prices based on hoped outcomes for pipeline products.
Red. Lol. It is hard to admit being so wrong for so long. He is an analyst. He has to hope something bad happens or his credibility is shot. At the same time his report is so uncredible it is actually comical. Totally expected today's price decline. Actually held up ok. Would like to see some baker buys here to help new uptrend.
Sentiment: Strong Buy
Yeah I think the Baker Boys will own the whole company before it gets back to $30...
Also the FDA approval was already built into the stock price therefore the company is worth less post approval 100% of that risk has been mitigated??
I think I saw on Tip Ranks that his picks were right 54% of the time...
How many companies have the Bakers sold in the past 12 months anyway?
Agreed, for sure. That was one weird analysis: Everything is great and looking even better, so...sell now. Possibly part of the basis for today's redness. We've seen this sort of thing before after really good news, and it never lasts long.