Technically that would only be half of the remaining buyback kitty.
20% on the IBB maybe, which would translate to about a 10% drop in Gilead from here. Shares would be sucked up in a week time period at that price ($90 a share)...The $15 billion buyback would vacuum up most of them.
Seriously. They said most (65%) of the biotech companies make no earnings.
Gilead should not be in the IBB. Gilead makes more earnings than most of the companies in the S&P500.
They should put Amazon in the IBB.
Hope they are buying.
Over 1.5 million shares sold by Apple insiders in the last 6 months. Why is that?
Insiders who have a lot of stock sell it...its what they do. At almost every company.
If you were to go back two years ago when Gilead was $60, you would find insiders who sold. What do you think of that?
Based on pre-market i think you are correct. Gilead is trading down 0.8% while the futures for the indexes are down over 1%. If the market recovers later today, Gilead will finish up 0.2% or so.
Just have to find the bottom here and buy a bunch of Jan 2016 calls when it hits the bottom.
I like the Jan 2016 $90 calls...little time premium. A move of 5% in the sock is magnified to 40% in the calls.
The biotech I was invested in failed in phase 3 trials. The company lost hundreds of millions of dollars in investor money. How is Hillary going to compensate me for my losses?
A lot of people have a lot of money on the sidelines like you, which is why there will not be the massive sale price on stocks you hope for.
Corning was way too cheap at $16 a share.
Ok, well there you go. I believe oil still is going down and will stay down for years. Oil is where moly was last year. It may get a small spike but is headed to 30 a barrel. O&G companies that have 20% yield bonds are more likely to go bankrupt than TC is.
Also, Sears absolutely reeks. I would rather own unsecured TC bonds than secured Sears bonds.