I've been buying all along during this drop and will continue to do so. But that is why I have money, and don't have to paper trade on the internet for quarters.
1. Insider sales are used by morons to gauge value. They can't sell when they know bad news is coming and they can't buy when they know good news is coming. Also they are experts in running a pharma company, not experts in the stock market. Insiders were selling Biogen at $30. Some went to jail for it. Look at Biogen now.
2. So what?
3. The only constant is change. There is always room for more competition.
4. Every biotech has gotten crushed right along side ACHN.
None of this will help you when ACHN gets bought if you're in the middle of one of your scalp shorts for a quarter profit.
It's been getting sold steadily downward for awhile now. It's no fun, but this is how you make money on wall street. Buy low sell high. Do you pretend to know where this stock will be every day like Mac? I don't. I just buy the dips and wait. Nothing too scientific. It works well for me.
Well if you live and die by every trade ACHN loses. But then again so did FURX as I bought from 100 down to the 60's. Yup I was losing badly, right up until they got bought for $135 and I made 100's of thousands profit.
Agree clearly that was a driver. And it could mean something, or it could mean nothing.
I don't think it means anything. But the market is sell first ask questions later.
So because there is no buyout to date, there is no buyout ever. Interesting..... logic.....(closes door slowly and leaves room)
Someone with a heart condition and HepC had a heart attack and died, and we're going to blame the drugs?
Does anyone else find that a little disingenuous?
Seek medical help soon. Mental illness is nothing to toy with. Hopefully no one in your immediate family owns a fire arm. This would be a recipe for disaster.
This is a very minor subset of Hc patients so it's no big deal for GILD either. I'd buy either stock on weakness. We are talk minimal fractions of a percent off the bottom line if it's readable at all.
Much ado about nothing.
I don't think you got my point. Unsurprisingly. I am not the one day trading by shorting speculative biotechs. That's really stupid.
But I digress. The Gild news is actually really minor. I am thinking about selling my GOOGL stock on Monday and going into GILD on the selloff. There's like 100 people that can't take Sovaldi now. Who cares? (besides them?). It's not going to effect the bottom line in all reality. Looking forward to easy money on Monday AM.
This is an interaction with a heart medicine effecting in area of less than 1% of patients. If there is an over reaction it will simply provide a means to a bottom as the uneducated knee jerk and sell their position.
This also make 3422 that much more valuable.