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Celgene Corporation Message Board

  • zevie1 zevie1 Mar 30, 1998 7:31 PM Flag

    Don't automatically sell on news

    It's a matter of days until celgene recieves final approval.Over the past week Celgene recived it's fourth strong buy rating
    from Vanguard predicting profits over a dollar in the year 2000 and breakeven for 1999,with a one year target of 22.5 gollars and
    a marketcap by the year 2000 of 500 million. Although it's very possible that the stock will initially move lower upon news of
    approval i expect a quick rebound back and above the eleven dollar level.It should be noted that the volume has not yet approached
    the volume of Sept97 when partial approval was recieved and when the stock reached the thirteen dollar level. Also,The next
    exciting event according to the invester relations representative (take it with a grain of salt)should be a corporate partnership
    with Celgene's version of Ritakin.They're predicting this to happen by the middle of the year.

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