Wed, Sep 17, 2014, 6:37 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Vertex Pharmaceuticals Incorporated Message Board

  • johnf50@rocketmail.com johnf50 Nov 5, 2013 12:10 PM Flag

    Average Price

    The average price for a long before the recent run up in price is $53.75.

    The market is currently up roughly 20% for the year.

    20% to $53.75 is $64.50.

    Let me put it together differently...

    You are an institutional money manager and your job is to... and to retain your job that feeds your kids, pays your mortgage etc... - is to match or beat the broad market.

    As baskets of capital are reallocated towards year end, where does Vertex stand? Right now we are up on an average basis.

    Where does Vertex stand with institutional money if the price falls below $64.50?

    So if you didn't heed my warnings a week ago... pay no attention to this one.

    On a risk adjusted basis, Vertex is currently worth 10 billion in my opinion. Potentially worth more but I am discounting that due to the inept business management presently being hacked out by a bunch of lab researchers.

    This is a precipice... and when big money starts to lose, they will get out quickly to limit their losses. I am guessing a $10 drop.

    Been wrong before... wasn't wrong last week.

    So I will say it again... This is going to fall to the $40 to $50 range. Take your profits before Wall Street does.

    J

    Sentiment: Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
VRTX
94.50+0.64(+0.68%)Sep 17 4:15 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.