al, hope you're right. not for me, another geezer, but for my daughter who has held onto crus from 36 to 18 and back again. me, I don't like crus but took a position in swks about a year ago. sold some but holding about half my original. looking at the crus chart, looks like she should sell soon. straight up and usually straight down.
thank you. sounds like you are the only one here who knows why the action today is weak. thanks again for posting something useful.
to winelli and ernstr43-I think ernsr has the right attitude. Gilead is not a trading stock. it is a stock to own longer term. that is the only way to stay invested in the stock and not get shaken out.
you are not alone. can this be the most hated stock on the market? I am kicking myself for not getting out above 107. I figured with the great earnings, the sentiment was changing. fooled again. I don't know the answer. and neither does anyone else.
when a stock trades for such a cheap valuation, there is always a reason. that argument has not helped change sentiment.
that as an investor in a stock, you get tired of watching nothing. perhaps by the time the market has better sentiment towards Gilead, their results might be as good. then what? does the market put a 7 multiple on them? in our fast paced world and what have you done for me lately mentality, I sometimes think my money would be better served elsewhere. anyone else feel that way? thanks.
106.61 is 200 dma. hope that holds. I think it will. sentiment is bad right now. sentiment for the market, especially biotech.
revenue shortfall was from forex. at this time, sentiment is bad for stocks, especially biotech. that's the biggest reason for it being down. however, mgmt is out backing their view for eps and revenue for the year. it's early. report is good.