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Vertex Pharmaceuticals Incorporated Message Board

  • thirdmeinvestor thirdmeinvestor Mar 3, 2007 2:20 PM Flag

    Is the bull run over?

    Barron's says "it is just a passing squall"
    ... Andrew Bary

    "HISTORY SUGGESTS THAT STOCKS MAY DO WELL in the next two months. There have been 38 days since 1979 when the S&P 500 has suffered a single-session loss of 3% or more. The average gain in the ensuing 60 days has been 6.9%, with the index rising in 31 of the 38 cases, according to Citigroup research."

    More than that:

    Look at the charts of OSIP, late April, 2004.

    The share price almost tripled from 38 to the intraday high of 98.7 when Tarceva trial result was announced. It was a mediocre outcome since the drug prolonged the median survival of lung cancer patients only by several months.

    This can happen with VRTX shares too on April 10th (only 5 wks to go) provided the present oversold condition continues through that time and PROVE 1 12wk SVR is better than 75%. I am optimistic.

133.06+1.09(+0.83%)Nov 27 1:00 PMEST