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Amgen, Inc. (AMGN) Message Board

johnp_0921 3 posts  |  Last Activity: 32 minutes ago Member since: Oct 21, 2005
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    lost cause

    by johnp_0921 1 hour 38 minutes ago
    johnp_0921 johnp_0921 32 minutes ago Flag

    I have no alternative motives, I am a long term hold. But this is getting ridiculous...no bottom. This stock has lost 2/3 of its value in 6 months .The oil producers are committing mass suicide by pumping out more and more oil. I don't see much hope. Some people just cannot admit they made a mistake and never sell. I am not one of those.

    Sentiment: Hold

  • johnp_0921 by johnp_0921 1 hour 38 minutes ago Flag

    I have held on a long time, and I am generally very patient. But there is no bottom to this stock. Reports indicate that there is a huge stockpile of oil and production just keeps increasing. This week was the highest us production since 1971. I think this is going to low single digits and they will keep cutting the dividend. Eventually it will be down to something like $3 to $4 dollars with a 30 cent dividend...thoughts?

  • johnp_0921 johnp_0921 Apr 21, 2015 5:12 PM Flag

    Well, anything is possible. But generally with Amgen the after-hours trading is very indicative of the next day.
    So I think it will end up a dollar or two.

    Sentiment: Hold

AMGN
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