People are buying this stock simply because it is going up. At some point there will be no more people to buy. These people don't sell it until others selling, creating waterfalls.
Like late Bruce Lee said "This stock is nothing but water, my friend"
No they are not. They are buying this stock because Celldex has not one but two late-stage potential blockbuster drugs with companion diagnostics that are targeted and have great data thus far giving them a very high probabilty of success. Also, Celldex doesn't need a bigh pharma or big biotech [artner to sell these products. They have relationships already with the oncology society and these drugs meet high unmet medical needs and will practically sell themselves. Two drugs extending the lives of cancer victims is HUGE. People will keep buying more Celldex because the stock is still undervalued and Wall Street is having tough time getting it up to full valuation which is a moving (UP) target. We could be looking at another 12-18 months of gains. We are going higher gentlemen.
Sentiment: Strong Buy
Seriously...you need to change ID's because you're no trading_god.
Yep...people buy stocks because they go up...that's investing in the stock market 101. One would assume that they did their DD first and that's another investing in the stock market 101 as well. As far as "no more people to buy"...Another how to invest in stocks 101...If a person is wanting to sell their stock there HAS to be another person willing to buy the stock otherwise the stock would not be sold.
In essence your analogy concerning this stock is nothing but water literally holds no water.
one last thing, Bruce Lee NEVER said; "This stock is nothing but water, my friend".
You are right. Both Google and aapl stocks were going up just because people were buying. REGN, PCYC, AMGN, CELG and many more also..
You are true genius. Gold bless you.
Sentiment: Strong Buy
You are the same reason people buying AAPL at 700. At least AAPL didn't make a vertical rally at the top. Don't feel bad. You are not the only mindless buyer. Buy at the same time, sell at the same time. Motto for confused momentum chasers. Be careful when underwriters pushing the stock. I wouldn't be surprised huge secondary coming.