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Seattle Genetics Inc. Message Board

  • malibu60660 malibu60660 Nov 12, 2013 1:01 AM Flag

    Recent price action

    It looks to me that the last week has been a very good test of the 200 day moving average. At the low point I think it was breached intra day, but since then there has been a big bounce. The downward pressures were obviously aided by the bad ARIA news, which drag a number of names down.

    With the coming presentations at ASH, which looks to be pretty good per the abstracts and the good quarterly report I would expect we test new highs at some point in the coming months. However, I'm not a market timer, having been long here for around six years.

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    • While reading through SGen's ASH abstracts and the 10-Q, I got very excited about SGen. They had the good sense to discontinue development of SGN-75, for which investors seem to have punished them. Thank you, investors, as I feel fortunate to have bought at a good price ... and I don't plan to sell anytime soon. SGen appears to be much more than a one trick pony. Some of their collaborations are bound to become very lucrative. Their ADC competitors seem to have bigger problems than SGen.

 
SGEN
36.44-0.35(-0.95%)Nov 28 1:00 PMEST

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