CMG is not going below 200 anytime soon. As indicated by recent strength, 230-260 is as low as this is going. Disagree with you there, its already down 40% from all time highs. All they have to do is increasing prices by $0.25 and everything will be much better on margins.
Argoal what PPS was REGN when you first got shares? Just curious how early in the game you got in.
Those stocks you mentioned seem decent, maybe ZIOP has most potential there.
OGXI: 188m mkt cap, 90m cash, Phase 2 Prostate cancer - (could see MDVN type move)
GALE: 120m mkt cap, 40m cash, Phase 3 HER2 Breast cancer Immunity vaccine (ARNA Type move)
CLDX: Nice portfolio of mAB
LPTN: 53m mkt cap, 500 mil deal with pfizer. Phase 2 assets for WET AMD (mAB discovery platform)
CLSN: 300m mkt cap, 23 mil cash, 7 oncology indications, Phase 3 liver cancer due soon.
INO: 97m mkt cap, Hep C, Flu and many vaccines
All these small caps listed above have major upside if their drugs work, are approved, and commercial success. Curious to hear your take a look at those. I am currently long GALE, CLSN. Thinking about opening a position in CLDX.
CLDX looks like it will hit $10 by May or so. They may get their cancer treatment approved without the need for Phase 3.
I think CLSN can go to $20-30 on impressive data. GALE has probably highest upside of any biotech stock out there. I don't know any other stock that can go from $1.70 to $20+ currently.
SGEN is intriguing 3B mkt cap with ADC mAB technology. But I don't know how much more it can grow.
Looking for the next AMGN, REGN, CELG, PCYC, while its in the single digits. They come around once every 10-20 years. I am still long REGN into the sunset, but would be nice to find the next one sometime soon :)
Regn727 - I didn't say CMG is going to $200 in the short term. I do think by the end of 2013 it will be closer to $200 than $400 or $350 for that matter. Headwinds are coming in 2013. Q1 2013 have difficult comps too!!!
I first found REGN in 2008. My first buy was in late 2009 around $20. I bought it very heavy throughout 2010 and 2011. I stopped buying in August 2011. I continue to play the option side. Volatility is very high so I sell the put premium and when it runs the call premium. I got called away on a small piece when is ran from $54 to $140 in early 2012. It never took a break. Called away at $90. It wasn't a big deal.
I normally don't buy stocks below $5. Only recently started looking at some down at that level. CELG and GILD I got in around $40. REGN at $20. ARIA at high single digits.