I looked at 6 sector stocks this morning on a two day chart. GILD had its big move Tuesday and flatlined Wednesday (maybe on some profit taking or maybe on renewed shorting for those who refuse to believe in a survival story for GILD). The other stocks traded basically flat to up marginally on Tuesday with outsize move up on Wednesday to play catch up.
All-in-all, this is the % move up for two days from: IBB 4%, AMGN 2.7%, RGEN 12%, BMY 2.8%, BIIB 6.6%, CELG 3.1% and GILD 3.7%.
Up 3.7% advance over 2 days isn't great after the large drop from $120 given the news flow of late. Something is still flawed here because analysts estimates are much higher, the pipeline is huge, cash on hand is large, others drugs contributed to earningns in q1 that made up for HepC. WS is worried and they hate being disappointed and sometimes are unforgiving.
GILD Management is not communicating well. $11B in buybacks over Q4 and Q1 when share prices ranged between 90-110 means they bought a lot of shares a a lot higher prices. Maybe they also bought even more in Q2.
Is the silence a strategy or a mistake? If it is a strategy, why? If it is a mistake, why?
thanks for your observations. One might think this would be recognized by investors soon. MXL now trading where it was in February.
These are two reasons i took another position earlier today off the lows. In the past these were good buying opportunities.
My only worry now is it trades below its averages for 2 weeks running. Lets see if it catches a sustainable bid back to former highs
I just added some more at 82. Avg price now 85 on to buys.
Yesterday was a massive day and for first time today it appears the profit tang is done
He signed a veto proof bill. Who knows if he would have signed it if it wasn't.
Maybe the voters have something to say about who gets the election. The remaining rep's bailed 4 years ago. Trump will get many indep and some den as well.
This race is not as close as polls or pundits imply
Trump's opening comments on his economic speech in Ohio opened with comments on imported dumped steel from China and a collapsing infrastructure, of which if there be any chance of repair/change, will not happen without his presidency.
Will Gordo and others who maintain IO between 30-40 change their models and raise estimates or stay stubborn and wrong?
BHP Billiton is staying away from any large scale exploration in key mineral segments such as iron ore, coal and potash, as its deals with a sharply lower capital expenditure budget.
The resources giant will instead shift focus to conventional oil and copper, allocating nearly all of its $US900 million exploration budget for 2016/17 on the two commodities where its sees maximum long term growth potential.
"At this point, there is no push for us to replace iron ore reserves for multiple decades," BHP's geoscience head Laura Tyler said on Tuesday.
"We are only doing some confirmatory drilling. Even for metallurgical coal, we have one of the best positions in the world, so we don't need to look for more reserves."The company - along with rivals Rio and Vale - continued to pump iron ore into an oversupplied market despite falling prices during the past two years, but was forced to change strategy after posting a $US5.7 billion half-year loss in February.
As I posted, if. IBB does not crack up yes it can. The reasons for the initial take down are being revisited and reconsidered on yesterday's news. The doom and gloom scenarios for forward sales may be removed. The pipeline is huge and has zero value to WS right now. Perhaps some of the selling of late was a hedge fund blowing up or making redemptions and they had to sel the IBB and GILD. The many reasons for the selling. Likely came to an end yesterday so the odds favor85-90
also look at all the stories hitting the wires this afternoon. Nothing is negative. The price for treatment is pretty darn close to the original treatment.
Gild got whacked by 25% pre ER so it is likely this claws back a chunk of this losses to keep it in the 85-90 range by Friday
look t the time I posted it when that was the case. Than look at my post 48 minutes ago where I said vol ticked up. Why do people pick discussions on the small stuff.
corresponding bid to much higher prices.
You seem to have problems. That is what ignore is for.
Looking to pick fights over what?
Of course it could see 44. It gapped up in May from 35 to 49.
lower end of the range
For now these are new shorts trying to take SI to 71M or more or a machine trade that won't let it get past $5
Thought $5 was a lock today. Very close but no cigar yet.
Those sellers who come in at the high end need to disappear.
shaping up now to look this way since original lost. vol is picking up
Makes one suspicious if upgrades come out tonight after the close or this week after covering or buying finishes?
Looking at the chart one would think so.
Volume is disappointing though: 200K below 90 day avg and 1.6M below 10 day avg
Share price gain of 8% or so is once though.
Would lone to see that vol kick in and exceed averages
wow, so darn smart. What an observation. I am talking about how hard it was to hold a 1% gain after dropping 10% in two days, making no reference to why it was down in the first place, along with the nervousness in the markets right now.
And, at least so far, based on the stated price, idiots from Washington have not come out (yet) to bash GID on the cost. Many there seem to think the price should be 7.34