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Gilead Sciences Inc. Message Board

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  • balhara balhara Jul 16, 2010 1:14 PM Flag

    is there any news

    i dont think people who are shorting this would have conviction from only an analyst report to hold their short over the weekend when the abstract will get released.

    my guess is that people who are shorting this are looking for quick gain, and these guys would want to start closing their position between now and market close.

    in other words, we should now see a recovery by $1 or so.

    just my guess.

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    • Earnings are coming out end of day on Tuesday. There should some uncertainty about them because of the exchange rate between Euro and USD. They do a lot of sales overseas and the Euro has been in the dumps. Also, there is an interest in the future earnings in the light of Obamacare. I think this is a lot of uncertainty in the stock so it moves down on bad news but not on good. After Tuesday we should see it behave more rationally.

 
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