" I think we're in for a nice rise (for a change)."
Like what happened AH?
Market cap limits GILD's share price growth. That's the sure bet.
Some of those "speculative stocks" will grow multi bagger amounts for shareholders -- but not GIL:D.
GILD was a speculative stock in the early part of the century. It grew about 15x in share price between than and now. It won't ( CAN"T) do that again.
Dopey, you do realize that last year at this time that the 2015 estimates were flat to 2014 estimates -- don't you?
Then what happened?
It's not really a complete disconnect. You see, if the world goes into recession, that means less revenue for the governments that buy GILD's products. IF governments (except for the US apparently) have less revenue, they spend less.
It appears that the DOW wants to test the 15,666 low of last week (666, how appropriate). If that falls, then next support if the February, 2014 support at about 15,400. If that falls, it's called a bear market and the next support is Sept., 2013 at about 14,800.
I don't think we're headed there, but, who knows? The DOW is NOT currently oversold.
GILD's going in the same direction as the market.
El Nimo??? That's pretty funny.
Besides, there's not one weather model that I've seen that agrees with you.
If you don't have a magic to look in the future, how can you say "it looks like there will be good news friday?
Mst stocks move in the direction on the market in "big move" periods. GILD is no exception.GILD for example went from 116 to 86 over the last 25 days.
But, if you want to be GILD specific TODAY, how about the move from 106.30 to 102.46. Does that sufficiently sufficiently illustrate my point?
Given that the DOW went from +500 to -200 AFTER YOU SAID "THE PANIC IS OVER" it appears you were wrong
at market open. For the seller, that's the reason you don't do market sells (or buys).
and that results in GILD opening below 100 today. Ahhh, so what...
Market cap will cap GILD's stock price growth. End of story. Market caps makes GILD trading at 7x 2015 EPS a meaningless statistic.
My advice -- start looking for bargains. I would noy be buying yet, but I sure would be trying to figure out what I want to buy. Of course over the last 9 months I've been selling some stocks and keeping the proceeds in cash - expecting this to finally happen