Been following SGEN on and off (mostly off) for about a year or so. Almost pulled trigger several times (most recently in Feb) but overall economy still has me a bit hesitant. Curious of anyone feels another buying opp ( <~$18) coming up or when there next pivotal date (FDA decisions?)
I'm pretty sure you'll have more opportunities, though I agree that short-term, $18 is unlikely. Maybe after ASCO. Today SGEN has given back 50%+ of yesterday's gain, so when the market next goes red a further drop isn't out of the question.
Product label expansion and earnings will be driving this stock. The current run-up is a result from the hype preceding ASCO. The data will get translated into future earnings and the price will re-adjust. I think you can buy anytime but need to hold for the long-term. This stock reminds me of IDEC during the post IPO.