I have been waiting for a entry point in SGEN for almost 9 months. I finally got one today. No one cares if bios aren't making money. SGEN has one of the best pipelines in the industry. We will be back over $45 next week.
No one cares about a earnings beat in biotech! Go look at INCY they missed but their pipe is one of the best I have seen and CC was positive so they were down at first to take out the weak hand but now up huge in the last 2 days!