Granted that the overall market has little to do with the fortunes of PCYC. However, if this pullback is, as you suggest, preordained, it may continue for a while. Not selling this...I have plenty and I don't want to give all that money to the taxman. However, I'd be cautious about adding here.
Hey Bearofbleecker, I enjoy your posts. I was worried that the FDA approval for CLL may be baked into the the previous high of $145, which put PCYC at a market cap of over 10.6 Billion, on projected earnings of less than 500 mil in 2014. Also, there is The Street's article, quoted above under "FDA Approval = Selloff." I bought late at 131, and sold some of my position at about 144, before it dropped today and yesterday. I would welcome your thoughts about PCYC's 2014 upside versus downside.