Merrill Lynch needs this stock to go up!!! They
pushed/steered/suggested/advised alot of their clients to buy this stock between
10 & 15 and are losing face!!! I'm one of the
dummies!! I need to get 15 to get me even not counting what
I lost not using my money for 2 years.
These are just facts please don't take
For some strange reason I'm long...
"my take" is that you're already shorting this
stock, big guy...
and i'm sure that's the take of any
other perceptive reader of your post as well...
sell the house, the car, everything
you own, and short it...
i'll buy all your shares
tomorrow and the next day
and see you screaming for
dear life when we hit 20 in a few weeks
I'm surprised by strong run up in last few days,
and tried to sell all of my shares (25% of original
holding) but my limit at 10 3/8 didn't get filled.
My take is that we will soon touch 8 followed by 7.
There are some enthusiasm on this board from "newbies"
but those who traded BTGC for a while will take the
opportunity to chip in and buy it back in few weeks (or
days). The run before the earning then sell-off to me
was bad sign. The most recent run up IMO is due to
the excitement of Genentech and bullishness among
biotech stocks after Amgen's earnings; nothing to do with
BTGC in particular. On a positive note, the recent run
up proves that many perceive BTGC as a "value" play.
TA-wise, as suspected, all indicators turned negative from
OB range (no surprise here). As I see it excessive
upturn CANNOT be sustained and I might even go out on
limb and short this one. It has been extremely OB and
extreme accumulation which is usually followed by equally
What's your take?
I think this stock has broken out of its trading
range. Furthermore, if you look at the 1 yr chart and
draw trendlines the slope is up...higher lows on every
correction. This might be the right time to own this
one...could double by year end.
I love the Drug Sector. I also like BTGC a little
bit. But the management I rate a 1 1/2 on a 1 to 10
scale. If you bought in at around $7 why not sell 50%
and buy another stock in the same sector. How many
times has this stock made a little run just to give it
all back? What makes it different this time? Good
Greenspan blew off some steam
He has no clue about the future although his
monetary policies have been the right decisions at the
People give him too much credit for his
Markets will recover just like the last time and shrug
off whatever he says. You can't argue against
Even if his global recovery scenario comes true, we
can only be sure that that will weaken the dollar and
give international companies (aren't they all these
days?) even larger profits.