my last thought on this ,
assuming the deal is done with AMGN i would expect amgn to drift lower
ideally near 92.50 maybe mid to late Sept , if that happens i would look to
buy AMGN expecting to hear a buy out of ONXX , the upside would be towards
135 on AMGN into year end .if it happens obviously .
if it jumps great if not ill keep my risk controlled .
still dont see the reason to buy ONXX though .
bottom line : im going to sit back and be patient
you are never guaranteed of a profit in a week or even some time down the road
had you sold at or near 130 that is the present bid , and even if a deal is done
it means you will become AMGN and then there is time to wait before the transfer
even takes place , time is money and this stock was ABOVE that bid !
anyone that wanted out at the bid price had there chance already .
so who wants AMGN ? becomes the question .
many times i have seen stocks that are being bought out or have a deal in the works
flat line near the deal price yet usually just below it . this stock looks like people are thinking
the 130 price is probably about it . also now that earnings are out and all cards are on the table
there is no reason for this stock to move up at this time . once everyone that wants in is in
the stock cant rise because there are no buyers left . this is not about shorts driving the price down
its about those that bought getting out .
hui up 8.88 %
xau Up 8.42 %
auq up 9.76 %
goro up 4.44 %
kgc up 6.09 %
scco up 6.56 %
clf up 8.91 %
x up 5.25 %
mt up 5.21 %
aa up 1.54 %
ach up 2.03 %
looks like money is moving into the metals across the board
to soon to say its bottomed yet they were all very oversold
and due for atleast a significant bounce .
wdc up 4.87 %
onxx down .62 % and yes earnings can move it higher
yet lets say onxx jumps 20 % from here and hits
152 . that is a fair move and is somewhat speculative
and trading news . look at the above percentage you
could have already made today had you been positioned
i sold onxx at 131 1/2 having owned it from near 40
i still like the pharma biotech and generic drug sector
and own several . any movement in onxx will from a
buy out cause those who want in are already in .
the earnings today may move it up yet the stock
looks capped right here right now .
higher later ? possibly .
celg tapped 150 and has come back that one may
be capped for a while to .
long story short i think the market is overall bullish
yet try to justify a technical reason why onxx
should move higher . make the case
i dont see it right now regardless of what they report
good luck all
I cant see why anyone would trade or even buy a stock based on rumors
the facts are onxx rejected a bid for 120 a share . the rest is just hype
having owned the stock at near 40 i sold it at 131 1/2 , still following it
yet its overvalued at this price .
yes it can go higher but im not going to bank on a rumor
good luck all
thanks for the info , i bought celg along with a handful of other in dec when it appeared to me that many of these stocks were being chased . so what i did was group them together like an index
and as a whole the group is at all time highs , i dont care about the pull back , my bias is the population as a whole is aging and that only means one thing more drug purchase weather generic or not i just dont see this trend ending
everyone is a genius in a bull market , it is the bear markets when the time tested bullish programs fail and fail badly
12922 seem like a long ways even if its not , yet as far as tomorrows close is concerned i do not see that it matters anymore then fridays close .
maybe 1000 pt move up coming yet prob this week
ill see how market looks friday,tomorrow ( monday ) a fake out day
A bounce monday and a drop for the week which could be rather strong
and then a rally into mid july followed by a decline to new lows
No true bottom till march of 2013
whats your call bud ?
Maybe they don't know what the present government administration
is going to do next ?
do you know if xom get and subsidies from the gov ?
Do you know if the tax policies will change next year or not ?
what new regulation is coming ?
until we get an administration that supports business and
a valid tax policy that doesn't flip back and forth around
elections how can any business plans anything ?
your worried about a dividend ?
all a dividend does is give you a piece of your money back
a little at a time and the stock price drops accordingly .
share buy backs drive the stock price higher and yes i do realize
at the cost of retained earnings .
id say holding back is a good thing until the elections late this year
if not even waiting until the tax exemptions expire
at the very least we will have a policy that may stick ?
or a deep recession once the elections are over .
so what would you do under all these scenarios if you were in charge ?
give the money away ?
as long as 87.57 first get broken that would signal to me
a break through 88.20 and a move to 100 then 109
but short term past Wednesday it pull back from 87.57 towards 85
i am bullish the stock just trying to figure the short term along with
the long term . 84.00 is the must hold for me regardless .
nice to see someone actually talking about xom instead
since a long term shareholder
you should take note of how many shares you have of xom it split 2 for 1 in april 1997 and split 2 for 1 again in july of 2001 .xom is much higher then its 1998 price level