You have to be curious at this point as to how the Baker-Bank can be such a HUGE holder of SGEN and have the price swing like a trampoline act day-after-day. This is the reason I left the building. It not in the control of the company nor the product mix. It has only to do with a ticker symbol versus black or red, or 1-38 with one or two zeros (depending on the house advantage, right)
I'm not bagging on SGEN the company, never had. Certainly had my concerns in the pre-release era. But SGEN, like a wealth of equities, carry to much risk. It used to be what a willing seller could get from a willing buyer. That practice had it's issues BITD. Now it's whatever one computer can create with many computers to produce money.
Such a joke. Yes, even for the very long holders it's a joke as the computers can take you out in a heartbeat. (See $22 to $14 just recently).
Baker-Bank is not the squeely clean, huge holder of solely long positions, as most of you are suggesting. (BTW. How many of your are directly associated with the Baker group?? Yeah, I know. None of you)
I don't feel bad about out at 16.40 as my "IN" was at 15.08 and very low 16. So a gain is a gain.
I'm not upset about an "IN" at 18.18 today either. We'll se what the day has to offer.
Don't really see your point.
Don't really understand your first point. But you are correct depending on the markets reading of the 2/13 #s we may have big down or up move. As to your second point I agree the group is getting hot in my opinion partially due to the extrodinary premiums being paid in takeovers / got to scare some shorts.
And for the record.
SGEN is STILL bounching off PP which tells me WITHOUT EXCEPTION that the price is worked. Meaning that a huge down day can be forthcoming at any time.
Additionally, SGEN is riding the biotech SECTOR wave and NOT standing on it's own. Just in case any unbiased readers are looking for objective input.
Do you really think that last post was necessary?
A poster on this thread points out about being civil and respectful. Where, in your last entry is either? Smacks of an effort to discredit, again.
FYI as to who's creating the ill-feelings as your desires to pump SGEN exceed all other concerns. I'm jus say'n.
It's all Ricky's smoke and mirrors to try to make us forget that on Jan. 4, he sold at $16.40 the SGEN stock he claimed he had and predicted that "the next stop" would be $13.90. At the moment, SGEN is at $18,49, up $2.09 or 13 percent since Ricky's typically brilliant call.
The link: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=16416&tid=17713&mid=17713&tof=36&rt=2&frt=2&off=1
Your timing is uncanny.
Just this morning I was thinking how enlightening it would be if the SEC was to backtrack the IP addresses of the posters on this board. Some Baker-esque and SGEN-ish connections may just pop up. Eh?
Just a thought. SGEN was already hit with an insider transaction ding. Stranger things have happened. Right?
(Did I mention that SGEN wa hit with an insider trade ding?)