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Seattle Genetics, Inc. Message Board

  • jimmmmycramer jimmmmycramer Nov 19, 2009 2:46 PM Flag

    Folks, I HATE To Hold This Stock-I Flip It Often

    Look, this is NOT a stock I buy and hold and hold. What is the God Damn point in that(especially for this stock). I gladly join 'the fix' and follow the gang in flipping this stock back and forth, back and forth for gains. I really do not mind paying the capital gains tax. Why should I. That money is just coming out of profits. Hell, I even withdraw some of my trading profits on this one and buy new 'toys'. For instance, just this year from flipping(both long and short) SGEN; I have been able to purchase a 50' Samsung plasma tv, a trip to Las Vegas and a new fully loaded Blackberry. I will continue to do this ad-infinitum. This is a nauseating game of flipping for dollars. It can get dizzzying. But I will take the money. You have to love channelling stocks....

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SGEN
34.20+0.17(+0.50%)May 4 4:00 PMEDT