Or has Sciclone just attracted a bunch of whining traders. Poor yoy almost "blooded" to death after the stock price fell to $20. Shorts & bashers are flocking to the message boards spreading garbage and picking fights. What happened?
No matter what happens to the biotech sector as a whole, SCLN is for real. They are a real company with a real product that should be earning $.46/share by 12/2001. Factor in potential earnings for 2002-2004 (possibly $1B/year,) & they should be looking at a realistic PE of 150 - 200. This puts the stock at the $70 - $90 range based on Zadaxin sales (in already approved countries) alone.
As long as all news is good, there is absolutely no reason to sell. I don't know about the rest of you, but $70/share by 12/2001 sure sounds good to me! My personal goal is 100% return per year. I only buy a stock if I truly believe it will give me this kind of return at a minimum. $3,000 turns into $3M in 10 years at 100% return per year. Do the math.
Does anyone here really believe that this stock won't be trading above $30/share by next year at this time? If not, please sell your shares now.
Thanks again to mor2 for the wonderful website, samusaf & omni for the trading lessons, & to all the other 'real' longs out there for supporting a good company that is saving lives. You will be rewarded in due time!
when SCLN went UP to 5 not too too long ago everone was whooping and patting each other on the back. We were proud as punch as it climbed 6,7,8 9 and made a couple of runs at 10 and then LEAPED into the teens. I think we were all amazed at our good fortune. I know that a lot of folks bought in recently on the high side betting that it would go to 100 in no time flat, but that was not really an investment they were making, it was a looongshot gamble and for now they lost the bet. In time if they stay long they will happily recover. The rest of us who got in in the 1's, be like me - damn happy to be invested in a great company no matter what the stock market is doing short term. Cheers, RRRick
But SANDY does have a valid point. I bought this at 17 while it was moving up. I never expected this! I did my DD on the company, and based on the way biotechs were performing, SCLN looked like a screaming undiscovered jewel. Many things have changed, none of them with SCLN, but with the market in general. At this point I do not think I will sell any shares, but it doesnt hurt to consider other options.
I don't recall using the word LONG anywhere. If I did it was just to identify myself as a non-short postion holder. I dont believe in being LONG on any stock. I'm in this to make money, not to prove endurance!!! I do own a position in SCLN. I recall saying I need 15 1/4 to break even. At that point (if it comes) I will decide my next course of action. For now I am willing to wait a few more days. I will cut my losses at 9 without question if it comes to that. Oh yes I remember what I was going to say, who the hell asked for your opinion anyway???????
All your posts are negative. I dont think anyone in their right mind would believe someone that is long would be negative in everyone of their posts. You are saying you are long but encouraging everyone else to sell their shares and invest elsewhere?? That doesnt pass the giggle test.