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Seattle Genetics, Inc. Message Board

  • krnfreak99 krnfreak99 Mar 15, 2013 10:38 AM Flag

    Current valuation and the rest of 2013

    I have to be honest, I'm happy as a shareholder of the company but I'm not quite sure what it is justifying the move higher at the moment besides maybe the fact that it isn't a name that's covered all that much. weren't ADCETRIS sales flat recently? that and I don't think there's major data coming out for any of its next important drugs until next year, correct? it starts to make me a little cautious

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    • I also sold 100% on Friday. I can't remember not owning any SGEN. I also lighten up on everything. It's more a sell on the market than SGEN. I also feel like I will regret selling here but I can't see any near term fundamentals which justify the current price.
      Good luck to you all.

      Sentiment: Hold

    • I have to say, I am astonished. Happy, but astonished. It does feel like it's getting way ahead of itself, but...hey...we've all been on the other side of that phenomenon, so I'm just sitting back and enjoying this.

    • The addition of the duration indication alone has the potential to dramatically increase sales. Before Adcetris these patients literally had no hope. They, because of toxicity, had reached their life time limit of chemo. Since Adcetris is so well tolerated it's full potential and duration has not been established. Patients that once faced certain death can live perhaps many years and what was once a deadly disease for many has become a chronic, treatable disease.
      The key word for investors is chronic....many treatments over a long period of time.. multiplied by the many indications under trial.
      But yes maybe we are a little ahead of ourselves here. If the market ever takes a breather this will most likely follow it down and give us another buying opportunity.

      Sentiment: Hold

    • christianegeskov Mar 15, 2013 10:40 AM Flag

      Do you dare to sell?

      I think that SGEN will be bought out within 6 months - but I hope not!

50.83-0.77(-1.49%)4:00 PMEDT