It's been going up again and should hit 50 soon. When that happens, I'm back out.
You may think not, but holding this instead of trading (selling higher and buying at the lows) has worked for many on this board. I have never seen a stock with so many 2-$3.00 swings in one day when the stock sports a negative EPS. Someone is totally controlling these spreads and the longs who paid too much may never see a profit. The sharpest tool in the shed may get axed.
today. Not one mention of SGEN ever again after they appeared on his show twice. Cramer pumped this at $40.00 and it has gone down $8.00 since then. The Street said "stay away". Seriously, something is terribly wrong here when the bid and ask only show 100-300 offered and the Baker buying is in the millions which never shows up anywhere. The bid and ask are not correct on the after hrs. trading so I rely on Scottrade which always shows the correct price. I have always been a skeptic of SGEN and after seeing IMGN fall 50% today, anything can happen when these drugs are not approved. SGEN should be showing a profit by now but still sports a negative EPS. Remember all the people who followed Madoff's every word right down to Doctors, Lawyers, Institutional Investors, who are supposed to be smarter than the rest of us? I'm just saying after the high in the 50's to months of downturns, I'm beginning to wonder.
Buyers have to own this by Monday, the 29th for the div. That means the last time to buy is next week and one day is a holiday so I expect the 22nd and 23rd will have heavy volume and an uptick in the share price. I am thinking at least $47.00
There is plenty of after hrs. movement. Type after hrs. trading in your search and click on NASDAQ. Type in SGEN and all the trades show up.
If you read the posts from the last year, they all read the same. This thing is a trader ONLY. Wild swings and many losers. If you bought a couple days ago-Great!
Wow-Great for you. You must have bought when weak hands folded or when the Baker Bros forced the price down $10.00 to make another purchase to shore up their loss.
I think this FCEL is not going to make it. Another 4th qtr loss and they still can't pull this thing out of the hole. I own also but not very many shares. I used to play PLUG and FCEL but just daytraded for quick takes. I think that's what everyone else did too or this stock would not be a buck and change. Both these companies should merge and shore up their cash. That would create a buying spree. It will never happen.
at what price? This is the only time Baker Bros paid a descent price for the stock. Add it up; are they still down with today's action after overpaying a few times? They totally control the stock price and wait for the weak hands to sell when the price hits a 52 week low. What are their intentions?
Panic sellers. I keep this in my IRA and get just under $4,200. in dividends a year. That adds up to over 20k every 5 years so I don't watch the ups and downs. You can't get any return from the banks.