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Incyte Corporation Message Board

  • viseslinger viseslinger Oct 23, 2012 9:05 PM Flag

    Cashin on Market: Hope is Not a Strategy -- you can keep it with you but don't depend on it!

    Hoping for INCY to have a good EPS is not an investment recipe for success. Weakness from multinationals, Europe is a disaster ...and now the fiscal cliff -- sequestration. 1.5M workers to be laid off effective 1/2/2013 and the US government will defend all lawsuits for wrongful layoffs and termination. Unemployment to grow from 7% to 10% effectively near immediately.

    Broke S&P support level -suspect another 10% drop....Gas to be under $3.00 /gallon by thanksgiving....broad based sell off in commodities mean INCY will have a tough time maintaining pricing on its pipeline of drugs. Discounts will soon be offered.

 
INCY
109.06+0.48(+0.44%)1:33 PMEDT