Biogen is MASSIVELY undervalued relative to other sectoral members
Basically, on pure technicals alone, this stock should trade for a minimum of $190-$200 a share, NOW and not tomorrow.
Based upon its strong showing today, I feel Biogen MUST gap up repeatedly into the close of the year. Smarter pros and market vets who recognize its ASTONISHING RELATIVE undervaluation are loading the boat with longs, and using maximum leverage, particularly via in the money calls.
I rarely like many stocks out there, in fact, have a strong bias to shorting various bubble sectors (notably golds, silvers, and rare earths) so Biogen is one of the very few quality stocks I like out there, in a big way.
Gap up moves have begun in Biogen, just as I predicted the other day....and I feel a series of GAP UP moves will rocket this beauty into the close of the year with a minimum share price of TWO HUNDRED BUCKS.
That may seem "overexuberant" but given the preposterous UNDERVALUATION of Biogen today RELATIVE to sector peers, that kind of PANIC BUYING MUST happen, sooner than later.
And one final SMART point worth noting: today, stocks IGNORED the PHONY NONSENSE contrived by wall street sleazesters concerning "fiscal cliff" worries, and they JUMPED through the roof. THAT is MASSIVELY BULLISH and you can NOT deny the FACT. In fact, when stocks IGNORE bad news, that is the absolute indicator that they remain in CONFIRMED BULL markets.
Biogen will soon join the party, as it completes its final basing today prior to its ROCKET LAUNCH into the close of the year. Biogen MUST GAP UP repeatedly into the close of the year in order to correct its radical UNDERVALUATION in relation to sector peers.
once the slimy BIIB specialist completes his obviously contrived PHONY dip to SUCKER more amateur SUCKERS into going short this outstanding BIIB beauty, especially via the soon to be WORTHLESS BIIB PUTS, then watch this RADICALLY UNDERVALUED BIIB beauty GAP UP repeatedly into year end. BIIB deserves an immediate minimum $200 valuation simply to place it into proper RELATIVE valuation to its industry peers, and the extremely positive technicals DICTATE a series of GAP UP MOVES to reach that point, sooner than later.
Sit back and watch the INEVITABLE, and learn something from your intellectual superiors.