Shares (Mil) 18.000
% Outstanding 15.115%
% Float 15.745%
Sentiment: Strong Buy
But the most bullish investment house of all is H.C. Wainwright with a $65 price target. After reviewing the company's ASH presentation, analyst Andrew Fein concluded "Continued quality and breadth of data should yield investor re-engagement." They see good things ahead for SGEN in 2015.
Sentiment: Strong Buy
Great if it works that way for you but I'm not cut from that cloth and learning as much as I can and when appropriate buying and holding to maturity does it for me. It's not that I'm infallible, I do screw up some of the times times but I get it right more than I get it wrong so in the sum I'm ahead. I run a very concentrated portfolio (3 to 4 securities typically) because it makes no sense to me to invest in my 9th or 10th best idea (presuming that I could cover that many with the necessary depth) so when something blows up it does so spectacularly and when I win I also win big. It takes conviction to do it that way but I like it that way.
Not going to tell you or anyone else what to do and don't let no one influence my investing. So you keep trading it and I'll keep holding it. In my view this has been a year of backing and filling (did not predict it that way) but whatever has been has not changed my expectation or overall timeline. At this juncture SGEN's future is much more scrutable than at any prior time because in 2015 the earlier batch of CRs will transition to "Cured" (defined #$%$ years without relapse) while at the same time ECHELON 1 (front line) should also come to an end. Both sets of data will provide all of the evidence that the FDA needs to grant approval for frontline. Without going into details of the reasons why Adcetris will be favored over current SOC, that transition alone will at least quadruple the addressable market and graduate this great product into the blockbuster hall of fame. At the same time partnerships will progress and milestones will be reached (a total of ~ $4 billion over the duration) and as a result SGEN profitability will become clear as day. I'm convinced that this will come to pass and that is likely what BB are forecasting as well.
Good luck with your trading.
Thanks axsjpinaz-I am always getting hammered when I post. I did not get SGEN today so I loaded the boat on DOW and sold within an hr. I will buy DOW again in the morning if it drops below 45.40. Good luck to you. It used to pay to hold until everyone got a computer and started day trading. Now it's in and out for a fast one so the long hold no longer works for a lot of us. Good luck to you.
Let me see, Uncle Cramer was pitching Sgen & IMGN and their Technology, big time for quite some time. The only problem was that time marches on and technology changes. In any event one must wonder if he plays the averages and bows out when s..t hits the fan.
Thanks for that illuminating post FSTout, I come from a long tradition of buy and hold investors none of which has ever been well to do, I find extremely hard to sell always holding out hope in the face of blatant dilution, secondary offers and other company manipulations that rob the shareholder and prey on our good faith in the market, with China fudging the numbers and outstanding shares numbering like stars in the sky may 2015 bring me a trigger finger on the SELL button so I can realize some gains. Amen.
Still waiting for $31.98 so hasn't filled yet. I used to play GERN 5 yrs ago and the action was exactly like SGEN. it was in the 9's and quickly rose to $75.00 in March and by the next March it was back down to 9. I think it's 1/3 of that now. All the posts were similar saying it was going to 100. I kept posting to play it to max out profits. Everyone said it was going to get bought out. I am sure everyone on this board is a lot younger than I. Retired and in charge of my own IRA for 28 yrs; I've learned so much over time and love the market but it's a crooked business and you need to play it just like the 1%. Never be a bag holder.
I am totally informed and know too much about managements prior connections to many other bio tech companies that lost millions in shareholder value. Don't get me wrong; I bought those too. I am buying 2000 shares of SGEN in the morning but will not hold long to capture another profit. You do not have to stay home to trade this. As soon as you buy, enter your sell price and you don't even have to watch. You can wake up in the morning and have cash, wait for the next drop and do it all over again. Bio stocks are a dime a dozen. Remember the solar runup and fuel cell scams? Owned them several times too and I'm still trading them. You have done well with your purchases of SGEN-you did not over pay but when this runs back up cash out and do it all over again. I also started playing DOW the same way; nice run back up last week and expect it to continue. I sold three times in a week and only hold a small position now.
You prove the point that I made earlier.
I started buying it at $11 kept buying into $22 and 2 weeks ago bought more at $ 33.80. Never sold a share (could have at $54 last February but chose not to). Of course If I were as sharp as you I could have made a fortune buying the lows and selling the highs, but I was not as lucky as you to win the gene pool lottery and be so smart.
Still I'd bet money against doughnut holes that I'm better off than if I'd been furiously trading it (would not have time anyways as I'm still a working stiff).
Please don't let me persuade you to change your trader strategy, not trying to, but let go of making pronouncements about this company with the same breadth that you speak of Mr Madoff. Some of SGEN prototype drug can still fail (no doubt some of the many will) but there is nothing fake about this company's technology as many saved lives are living proof of its worth and efficacy. Resist the urge to belittle that which you are not informed of because to do so is at least a bit undignified.
Hey Yahoo: What's the point of allowing us to ignore trolls like fstout57/rickarooski if we see their posts anyway every time we refresh the page?
You may think not, but holding this instead of trading (selling higher and buying at the lows) has worked for many on this board. I have never seen a stock with so many 2-$3.00 swings in one day when the stock sports a negative EPS. Someone is totally controlling these spreads and the longs who paid too much may never see a profit. The sharpest tool in the shed may get axed.