Too risky right now it's the same stuff that slowly drove us down before, when the hoopla is over I will buy back in lower, I made money buying at 67 I can wait and get in before run up to earnings. This has been a carefully orchestrated attack on GILD and Sovaldi, so I will take a break from the madness then enter again long term. If you want to see how this should work look at SCTY and what happened when they announce good news this weekup over 13 . Anyway I agree that Republicans will not sign on, or anyone else unless they feel very secure in election year.
Has it escaped your notice that no one in Congress - or the executive branch, for that matter - paid any attention to the first letter? With midterm elections coming up, do you really think that any of these stalwarts of either party wants to pick a fight with big pharma?
PS and correction: Besides the soon-to-be-retired Representative Henry Waxman (whom I erroneously referred to as a senator), the only other committee member to sign the new letter is Diana deGette, from Colorado's 1'st District. This district has gone Democratic for all but 6 years since 1933. During the last election, running against a Republican, a Libertarian, and a Green Party candidate, deGette polled 68.3% of the vote. I'd say she is risking little by complaining about high drug prices.