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Seattle Genetics Inc. Message Board

fishman328 6 posts  |  Last Activity: Dec 23, 2014 11:19 AM Member since: Sep 17, 1998
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  • fishman328 fishman328 Dec 23, 2014 11:19 AM Flag

    tax loss selling could continue to Dec. 31st. reporting is based on TRADE date, not settlement date. those who sold for tax losses starting in late Nov and earlier this month will be potentially buying the shares back after waiting 30 days to avoid it being a wash sale. Thus we could see a pop in the stock starting next week and into early January. Cheers.

  • fishman328 fishman328 Dec 17, 2014 10:27 PM Flag

    it is frightening to think where SGEN would be trading now without this week's and last week's buys by the Baker Bros. I'm confident there have been mornings I've seen the stock drop out of the gate on volume of less than 300K and by 10:00 AM and the stock was down .50 or more. Yet with yesterday's 1.9 million bought by BB the stock closed up only .45. That means most of the remainder of the 3.25 million shares traded on Dec 16th must have been sells. Thus, lately there's virtually no buying other than by the BB.

  • fishman328 fishman328 Dec 17, 2014 8:25 PM Flag

    yes, it is odd that the Bakers always are able to buy large quantities of SGEN without causing the price to move up. Was there really that much selling on Dec. 15th and 16th to offset the shares they bought to keep the price from rising. I believe the stock fell on Dec. 15th and gained a fraction on Dec. 16th? 1.9 million shares bought by BB on 12/16 was almost 60% of the volume that day. Perhaps you are correct in that the BB's buys are being matched with a financial institution that is selling as coordinated by a market maker.

  • Reply to

    Most confusing biotech out there

    by jkgino Dec 8, 2014 12:35 PM
    fishman328 fishman328 Dec 12, 2014 4:17 PM Flag

    pierced support today. might retest $29 and change next week and then bounce back to $33 range

  • Reply to

    BlackRock SC 13G/A

    by ca_fisherman Oct 8, 2014 2:57 PM
    fishman328 fishman328 Oct 9, 2014 2:06 AM Flag

    huh? The 13G filing states BlackRock, Inc. owns 4.9%. I suppose they increased from 2.16% to something slightly over 5%, and then sold shares causing the percentage to decrease below 5% triggering the need to file the 13G.

  • Reply to

    BlackRock SC 13G/A

    by ca_fisherman Oct 8, 2014 2:57 PM
    fishman328 fishman328 Oct 9, 2014 2:03 AM Flag

    Now BlackRock owns less than 5% of SGEN. It must have recently sold shares. Now we know where some of the downside pressure had been coming from.

    Item 5.
    Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ X ].

SGEN
32.00+0.90(+2.89%)Dec 26 4:00 PMEST

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