Sell volume has been well above average for a week. SOMEBODY is selling, and since institutions own 99% of the stock it is likely that institutions are doing a large part of the selling.
No it won't. We're within a few bucks of the 50 day -- the probable low.
Well, that must mean than when you said on 9/4 that you went "all in on margin" that you were lying.
RSI simply tells you that you are overpaying for something. Things that cost "too much" drop in price. It's simple economics.
That is what happens when there are more sellers than buyers
First sellers dominate at open.
Then people who think they are bottom feeders jump in.
By afternoon, there aren't enough bottom feeders and sellers dominate.
That is the dynamic.
Yes it is a buying opportunity.
It was a buying opportunity last Wednesday, but there was a better one on Thursday.
It was a buying opportunity last Thursday, but there was a better one on Friday.
It was a buying opportunity last Friday, but there was a better one on today.
It was a buying opportunity at market open today, but it is a better one now.
My guess is there will be a better opportunity later this week.
There is nothing "wrong" with GILD. It will continue to grow and do well. It's just that the days of doubling every 12-18 months is over.
I go after people that have, IMO, unrealistic expectations -- be they bull of bear. I also go after people who believe that any stock goes up in a straight line
To answer your question, absent a major acquisition, I'd be surprised to see GILD going above 125 within 12 months, but I do believe that the long term trend is still up.
I chose to focus in on your most ridiculous statement that GILD would be worth $320 to $350 ($500+ billion market cap) within 12-18 months. As much as you want to talk theory, you ignore the fact that an 18% growth in EPS isn't going to get you there.
Other companies have higher PE's because they have higher future expectations for growth than GILD. CELG for example has a PE of 29 , but will grow eps by 33% (if analysts are right). Now if GILD were to find another blockbuster acquisition, than it's PE might rise.
"But you DID say 12-18 months and not 36-48."
You see time does make a difference.;
I'll say it again: THERE IS NO WAY IN HELL THAT AN 18%
GROWTH in EPS gets you to a $500 billion market cap within 18 months.
However, an 18% growth compounded over 4 years yields an EPS that is almost 2x the current level. That would yield a higher stock price -- but still nowhere near a $500 billion market cap -- absent a significant acquisition,.
"My original post stated a cursory range of 12-18 months, truth is...it can be 24-36 or even 36-48 months...or it can be within 12 months.
But you DID say 12-18 months and not 36-48.
"If GILD takes the lion share of the HCV market (50-75%) market with virtually no competition and other hurdles."
Well Abbievie already shoots that argument to hell -- and then there's the MRK/IDIX combo to deal with ..