Futures up 68 right now - market likes Iran deal....Thanksgiving week is usually up historically.
Futures up 68 right now - market likes Iran deal....Thanksgiving week is usually up historically...
...as I said 2000 dow points ago with some calling for 10%-20% market correction and mentioning CELG gap fills to 130 (as I posted vehemently at the time RIDICULOUS) --- the market is as I expected melting up into yr end and now with all companies and home owners refinanced at historically low rates ---reducing millions in interest costs for corporations and taking $300-$600 off most homeowners monthly mortgage rates, with oil and gas prices coming down, with corporations having more cash on their balance sheets - trillions - than anytime in history - well as I thought we have not seen that pullback the fear mongers have talked about.
And now with CHMP joining the FDA in a more cooperative regulatory environment (except French Rapporteurs :+) ) and the Big Four Cramer highlighted on Friday - BIIB - CELG - GILD - REGN --- all with great news, data, earnings, launches...and undervalued on earnings growth...
- well biotech will be the leader of the meltup....
ndex Future Future Date Last Net Change Open High Low Time
Dow Jones Indus. Avg Dec 13 16,095.00 +68.00 16,076.00 16,098.00 16,076.00 20:02:11
S&P 500 Dec 13 1,808.70 +7.50 1,802.30 1,808.90 1,801.10 20:02:11
NASDAQ 100 Dec 13 3,434.25 +14.25 3,425.00 3,435.00 3,425.00 19:57:29
CELG looking strong going into ASH. I'm just hoping to base near 170 before January guidance. Hope we get there. Rob quick question. I'm looking at scaling into a position n Epizyme but trying to wait till options are available. Have you heard when these will be trading? The IPO was back n June I believe.
I've been in CELG on both sides and I'm out of my most recent long now. Though I think CELG has peaked, I probably won't short it this week. There are price hurdles, especially internationally. Though there could be a little more upside, there's more uncertainties about competition and price pressures that aren't been discussed enough yet.