Most stock in the sector plunge sooner or later.
The sector is a replacing oil companies.
the worst ones are the small and mid caps. ENDP, AMAG, ACOR, MNK, VRX...
Monday will be HZNP turn.
Well, even some of big caps like GILD and CELG are dragged down.
Investors need to clear their minds. Stay away from the sector since it will be acting like oil companies in past 2 years. Some of small caps may go out of business anyway.
The bus went down the hill and it will stop eventually, may be as today. Then it will go in a heavy gear to go up the hill. it is better to ride it up.
First, VRX is almost in BK because of its huge debt.
Second, ACOR is struggling to get some income and it has to do some cutting in every area including development.
Third, ACOR has been one trick pony and that pony is getting sick and becomes weak.
ACOR has to drop more to be attractive. Prices between $15 to $20 should be interesting.
Yahoo says TW base salary is $2.52m but actually it is more than $90m.
It will recover some, dead cat bounce or whatever you want to call it.