I think management must take responsibility for a large part of the stock's problems. Although I like them, I am tired of listening to the unsubstantiated, grandiose hype.
For example, the recent press release stating a potential $100MM windfall from 2 Celgro contracts. In all honestly, the deal calls for $3MM essentially for research and development. We all may have high hopes for Celgro, but don't push $100MM in my face when the deal calls for $3MM.
Also, the encouraging results from the multiple myeloma and Crohn's trials may be enough to get some physicians on board, but they are still PRELIMINARY. Lots of things can change between now and a phase III trial (just ask Interneuron or anyone trying to make a blood substitute). Most docs covering these diseases won't even know about the drug at this stage of research.
These are just a couple of examples of the hype that CELG keeps peddling.
I like the potential of thalidomide, especially in those markets where little else exists for patient care and comfort. But now we need some reality. The stock won't do well until CELG gives some concrete numbers: how many doctors are signed up? how many pharmacies? where? have there been restocking orders yet? how many? where? in what indications?
Unfortunately, CELG has made it clear that they consider all of this proprietary and confidential information. You'd think that there was a big competitor breathing down their necks right now. Who are they guarding against? The investors/owners of CELG?
In summary, I can understand why the market remains unsure of Celgene. I like them, yet they're driving me crazy with their games.
I am back from London and am more bullish than ever regarding CELG. It is headed MUCH higher. The Crohns trial results should be out soon - I believe they will even be more positive than the MM results, which were staggering. PLEASE BE WARY OF FALSE ALIASES. Please note that someone poted under"Robby_Cos" quetrioning Celgro - THIS WAS NOT ME. I in fact, believe Celgro has an incredible future, there will be more deals announced soon and this is only the begiinnig. I believe Celgro alone will prove to be worth more than the current market cap. - Be wary of false aliases. These guys are desparate now - they now Celgene's long time investors are about to be handsomely rewarded. Hang tough - we are almost there - REALLY!
Robby_cos?????? You are trying to take one of our more intelligent posters and imply something by using a variation of his screen name. Rob-cos, keep up your great posts & ignore this FAKER who tries to use Robby & Johnny & always has something negative to say. If you hate the company & the stock, then why don't you just go away. I mean, what possible explanation could there be for idiots writing meaningless, ridiculous comments about a company? I'll tell you why. Because the shorts & their buddies are SCARED. They have been trying to bail out of their position, by attempting to weaken the stock, but have been unsuccessful. Basically up until this week they have been forced to add to their position. MY FRIENDS. The stock looks weak at times, because the shorts are manipulating the stock IMO. The shorts know that they have to bail out, because this stock is about to run away. The news that has come out is huge, & if the posters on this board are correct there is plenty of additional good stuff coming. The shorts see the news, and are acutely aware that in a decent market Celgene would be running away. They also know that they have to get out now, before the revenue numbers which by all indications will be huge, come out. The co. by its own admission is conservatively compfortable with an analysts estimate of 36-40 Million in revenue from Thalomid for 1999, which does not include potential revenue from cancer, crohn's etc. And of course, does not include revenues from Celgro. The shorts are manipulating and will do anything to scare some weak hands into selling. DONT BE FOOLED. These people have no reason to post other than their own PERSONAL interests, which is to weaken the stock for their benefit. Think of it my fellow longs, what other possible reasonable motivation can they possibly have?
CELG put thalidomide on the market just 9 days ago and you need a numbers ? do you need doctors names , phone numbers, car license number? pharmacies adreses and zip codes? WHY DON'T YOU GIVE THEM MORE TIME ?!!!!!!! THE NUMBERS WILL SHOW UP AND THEY ARE GOING TO BE HUGE!!!!! You better sell it in monday and go away !! YOU IDIOT !!!!!!