Seattle Genetics Inc. Message Board
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Next buying op / important dates coming up
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?)
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You maybe late in buying SGEN if this is already at $40 pps!
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What are your thoughts on if you had to choose one? As I mentioned, I am a little late on the ADC focus of biologics.
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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.
- 1 Reply to scr20022000
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what a tease yesterday was!
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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.
- 1 Reply to biogynecologist
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MAY 23rd. Tomorrow CLDX reports top line results with an SGEN ADC on breast cancer.
Long SGEn. No position CLDX
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It may or may not dip after ASCO in first wk of June but, hopefully, not as low as 18 anymore. Can also wait for Greek default or bad housing starts.
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