Have purchased 20,115 shares in 35 trades at an average price of 7 3/4. Day to day prices do not concern. What I'm trying to show here is that patience long term investing can work. Forget the analysts, do your own research and set a program for yourself. Remember that SOME brokers can make you broker. This stock long term is a winner despites the shorts etc etc.
Will throw this at you. In addition to Sgen I am also long on IMGN where I have invested since 1995 and obviously will not tell you how many shares I have accumulated with an average price of
2 1/4.since you would not believe meI Just wanted to let you know that there are many long term investors out there.
I call #$%$ on this one! If you have an average price of 7 3/4, this stock hasn't see that price since about 2007.... Which means you have purchased 20,115 shares in 35 trades and averaged out to 7 3/4 but you haven't purchased a share since well before the end of 2007! Why so aggressive 6 years ago and then then all of a sudden just stop buying on the way up???? I'm not buying it!!
Guess I need to tell you that I made my purchases on 1/11/2007 & 3/22/2007. That was enough on a speculation stock since I'm a retired old timer. Even though I'm short term in life, I invest long term and feel the rewards can be awesome without short term worries.