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I bought in at 54 three months ago because I think that we are at the stage of the market when you should be in large cap defensive stock such as pharma, utilities, food. Do not sell, we have a ways to go before the down turn.
AMGN could be bought out at a much higher price than today. Big Pharma is looking for Biotech! The past several years have been bad for this stock however the timing might be right for a buyout.