Pharmacyclics Inc. Message Board
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PCYC waaaay ahead of itself......
Granted that PCYC has good drugs in its pipeline, but the road ahead is long. Recent aggressive pumps by many analyst have driven PCYC price well above normal and pushing the envelope. With the current market being so volatile,(i.e. Iran crisis,Europe crisis), any bad news will cause PCYC for a price correction. price correction can be severe (10%). Having said this, I rather sit on the sidelines for now and watch for a buying opportunity on a weakness. There will be plenty of opportunity to buy. Holding PCYC at $23-25 is just asking for trouble.
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a few more suckers
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just realized that?
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we could care less about buying on weakness for those of us that bought at $2 a share. :)
- 1 Reply to bobcarlton_2000
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True...but for those that jumped in at $25 or above....scaaaary....
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Translation: "I didn't get in when the pps was in single digits. I shorted it at $16. I'm going to have to move from my double-wide to a cardboard box if there isn't some panic selling soon."
- 1 Reply to seisenti
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Nice job translating that mess.
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The run-up from the mid teens was on the shoulders of a number of 13G filings. These guys don't care what RBC, Roth or Chardan are saying.
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read before investing
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good analysis
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