The minute you sell will be when this stock starts to take off. It's happened to me countless times.
After owning Disney for over 10 years of the stock going nowhere, I sold 2/3rds of my position at 30. Now it's at 107. Celgene went nowhere for about 5 years and look at it now. Fortunately I've added to that position. Patience my friend. That's the name of the game in owning good stocks.
That's exactly right. Everybody was getting way too giddy about this stock anyway. But I remember owning some shares in QCOR when it plummeted from the $50's to the teens when an investigation was announced of its marketing practices. Did I buy more? Of course not. Ultimately it was bought out in the 90's.
Revenues were up only 6 percent? Ouch. Qtr after Qtr this company has had solid double digit growth. It's going to be ugly tomorrow.
If not Zero, close to zero chance. When this Bile Kass was shorting the mks related to the sub-prime crisis, I respected his shrewdness because that truly was a house of cards. Trying to challenge the legitimate pharmaceutical patents of a companies like Celgene or Regeneron strikes me as another new low for the underbelly of short sellers. In any event it's a buying opportunity for investors.
Ridiculous over reaction in the after hours market. 48 percent increase in revenues trumps increase in margins anytime. The buyers will be there on this pull back including me.
That's not a tremendous prediction in light of the fact that it's open season on Chinese internet stocks right now which are volatile to begin with. In light of the 47 percent jump in revenue and Baidu's impressive growth in the mobile sector, this stock would be a steal at 180. IF your long term.
I wouldn't be too concerned. This will be green by the close tomorrow. (By the way "green" means down, right?)
Yeah but you forgot to mention or realize that he's been selling shares since the stock was in the low 200's a year ago. Plus they appear to be automatic sales. Insiders sell shares for lots of reasons.