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Celgene Corp. (CELG) Message Board

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  • zevie1 zevie1 Dec 7, 1998 8:56 PM Flag

    What's the story?

    none of us have a clue as to whats going to
    happen tomorrow but we have to be realistic and realize
    that the stock has moved considerably over the past
    week and as was obvious today, there is always going
    to be profit taking after a big run.the positive to
    be taken from todays trading is that the sellers
    combined with the shorts were not capable of bringing the
    stock down. You have to believe that the news which did
    not hit the ap or reuters will be on those wires
    tomorrow, and will again cause a strong day of trading(half
    a million shares). This activity combined with
    hoipefully a press release about an entremed deal will keep
    the buying strong over the next week or two and
    consequently overcome the sellers moving the price to higher
    levels. As has been previously mentioned on the board a
    good way of protecting our investment can come from
    puts.
    good luck to all celgene investors especially the one
    who semms to talk the most sense, moridian.

 
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