One of his holdings FACEBOOK has a PE over 100 and he does not recommend selling it.
It's just the MM's selling off to get the price to where they need it before they back up the dump truck and load up and watch it run to $400+
here it is. new scrips for tecfidera were down 4% for the week ending 2/28. who knows if any of this stuff is true. Deutsche bank said revenue for tecfidera for the qtr tracking higher than estimates.
note out from Deutsche Bank that says tecfidera tracking higher than estimates. a note from Leering (?) says something else. Seems the note is not that positive even though I don't understand what they are saying. of course the mkt takes the negative view.
Maybe you weren't around last June when it dropped nearly $17 in one day, which was quite a bit bigger % then. Not saying this isn't a big drop and the day isn't over... hoping its not a top.
don't think talking heads causing 4.5% decline in this stock ..... have seen it come back but this biggest drop I have seen, ever !
They were afraid of Jon number yesterday so now market all time high. Great job number just announced. OK, can break to new high today.
Please enlighten me on the news you might know about?