Another big payday for them. They keep buying SGEN so perhaps they see this as another big runner?
The stock hasn't done much in a long while beyond a trading range but pipeline is solid so perhaps with the new found wealth they will buy more?
While I agree SGEN has a good future, the posts here are mostly speculation and not of real substance. Watch out for "conformational bias" in what you read. I trade SGEN around a core position and this has really been the only way to make money in them for many years. Eventually I see a takeout too but nothing like the level of PCYC. Perhaps $75-80/share one day. Bakers have had their misses along with their hits, so take that for what it's worth. I'd like to see a product with a bigger potential market approved first.
I won't argue your point. Trading isn't for everyone. For me, I have the patience to buy and sell around my holdings to pick up cash to invest in other biotechs that I can then sit on. This way the market buys the positions for me.
As for Myboyshadow, you imply that you are overweighted on SGEN as you state you don't want to be caught "with only the core"? That doesn't make sense. If you're wrong and the drugs do NOT pan out, the downside is immense.
I think there is a very good chance that SGEN will move much higher over time but wouldn't risk too much of my savings on it. it is much easier to buy any of them once they have an approved product. Sure you miss some big early gains but you also rarely participate in the blowups.
IS DOWN today. He has done nothing with NUAN and not made any mention of it for some extended period now. His many other investments in energy are getting destroyed. RIG being the worst. Management here should have been let go long ago or at the VERY LEAST their options and salaries should be tied to PERFORMANCE. To date, they have reaped MILLIONS in bonus/option stock sales and the stock is DOWN for last 3 1/2 years. Pathetic
substantial trial results. Too many sellers every time it moves up. This may take longer than you think, but I will settle for $150 now. ha ha
The company has not offered anything to get excited about yet. Bakers have continued to sell into moves up so it will be interesting to see if they have continued it into the end of this qtr. Every move over $4 is met with renewed selling in volume. Back under $4 again as I type.
useless garbage spam site that has zero credibility and no value to any investor. thanks for sharing.
I agree that splits have no value at all. Small investors do not move stock prices. Yes it is a shame they cannot really participate in higher priced stocks but that is because they can't see the value in a 400 stock doubling with fewer shares. IN reality, % gain is the same no matter what the price so investors should have moved past the split nonsense years ago. Shows they never learn.
I hope amgn never splits again. Just keep paying the dividend
CELG a great company but valuation is only what the market says it is sometimes. Goldman Saks has a fair value much lower. they are wrong but they can say whatever they want to get the stock lower for their clients.
If you need this money to live, you should NOT be invested at all. If you're short term and don't like the decline, than WHY ARE YOU INVESTING at all??? Investors that see the great future of this company will welcome this selloff as yet another opportunity to add to their long term position.
This is a development company. Of course they are going to spend heavily on R & D and then they will spend heavily to market new products. $100MM cash and no debt. Now approved products growing. The stock will take care of itself.
Mind boggling downgrade this morning? and REMOVES their already low 124 PT??? Is this the worst analyst timed downgrade ever? Apple watch including the VERY high end edition selling out around the world in only 3 hours. Earnings overall will be exceptionally strong this qtr. What is this analyst trying to prove?
Thats a Samsung game. Apple doesn't play that. Nice try loser.
quite the reversal today. Hit a wall just under 37 and went almost straight back down. Still, the slow uptrend line is intact and I expect MS to take out 40 this year. Won't be easy for them but as they increase their dividend, investors should slowly filter back into the name. GS a better play. XLF if you don't like individual stock risk. FED won't do much on rates and these banks/brokers need higher rates NOW.
You had your chance at 150 last year and than again a few weeks ago. Sorry you missed it. Eventually going to 200+. Great company, nice dividend, strong growth.
apple remains undervalued and is matching time here in front of what will be an outstanding earnings for Q1. Look for this to continue throughout the year as new products, Share repurchases and a big dividend increase will continue to bring in buyers. Long term, this is WAY undervalued but may take time to reach a fair value. I can wait as long as they keep paying me!!!
where do you negative people come from? These posts about product defects from IOS upgrades are nonsense and you know it. Why don't you do something more productive with your time?
Investors that let the likes of a Goldman scam you out of your stock shouldn't own stock ever. Valuations rise and fall with a companies growth and Free Cash Flow. CELG has both. Its options expiration week and GS is doing all they can including releasing and re-releasing the same piece for 2 weeks now. What a joke. Look at their track record. Their own hedge fund has done LOUSY for clients and they typically only make money for themselves. If you're long term minded and don't need the money today, just wait. CELG will continue to rise with fits and starts for MANY more years.
If you're an investor in medical device companies, this is a FANTASTIC opportunity. CSII continues to grow and gain patents. Revenue is growing. these selloffs are many times not related to anything other than market manipulation. I like both the marketplace for these products, the demographics for the next 25 years and the financial of this company. I'll stick around for 70+ . Buying more today and will buy lower if it happens to continue lower.