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Seattle Genetics, Inc. Message Board

  • smelky_kid smelky_kid May 7, 2014 11:34 AM Flag

    Boom and Bust of biotech stocks....

    During the bust period, which we've just started, one can expect SGEN to fall about 50% below where it should trade, maybe further... Why can't SGEN return to the levels it was at 2 years ago? Why can't SGEN fall to 18 or 19 bucks? It can and will fall hard and long. If you are not prepared to hold and withstand the pain, then sell and don't look back. A bottom will not be reached until SGEN shares return to their rightful owners. This will be a rough time ahead for all of these spec biotechs... At some point, the sellers will be done, but I'm afraid we have to unload about 2 years worth of new shareholders... Look away and stay the course, or watch every day and lose 10 years off your life! We can surely lose another 50% and it will still not look cheap compared to any other sector....

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    • I disagree. Any stock usually corrects 50% from it most recent top, after big run. Unless, there is change in the fundamentals. So, in the case of biotech stocks if there is a change in the science or trial failure, for example, they you can bank on more than 50% tankage.

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