A nice day: Long time investors rather than traders...
...have to feel good about this. I know I do, given that we established a new all-time high today (before slipping back a bit on profit-taking).
I've been around long enough to know that we'll see setbacks and dips in the days and weeks ahead.
But I've also followed this company long enough (more than six years now) and closely enough (probably too closely for my health) to know, with something approaching certainty, that this is only the beginning. Label expansions for Adcetris (including front-line use for some indications); a significant pipeline of other products; numerous partnerships, with generous milestones; the industry-leading ADC technology; strong (if sometimes a little ham-handed) management; no debt.
Yep, this is only the start. Bumps ahead, for sure, but SGEN's road is well paved and it is heading in a prosperous direction, imo.