Atpl, that's Rickarooski's style when he trolls under his Maui alias - a seemingly balanced post that ends up being subtly negative. He uses a different style and 'voice' for each of his many aliases. A very ill puppy, but one of the more creative trolls on the Yahoo message boards. Fstout57 is another of Rickarooski's aliases - one of the tells on a troll: They tell you about their imaginary low buys at the same time they tell you about their imaginary profitable sales.
This guy is just a garden variety troll, and not a very smart one, and very possibly just another one of Ricky's aliases. He's cherry picking examples that have nothing to do with SGEN and its assets, technology and pipeline. You're better off simply ignoring him, which is my plan going forward.
And if the queen had testicles, she'd be king. But she doesn't, so she isn't.
Today's drop is no mystery, and you don't need to invent theories about it. News emerged concerning the previously known issue of the FDA looking into unconfirmed reports of Adcetris-related toxicity. Basically, the 'news' was that the FDA is still looking into it.
Others are more expert regarding this issue, but my understanding is that these 'FAERS' reports are undocumented and unreliable, in that the initial reports do not establish causality and they are unfiltered. That is, if one patient suffers from a suspected side effect and that patient's doctor, nurse and hospital report it, the single incident ends up looking like three reports.
So, maybe there's something to it and maybe not. In any case, the pps reaction today was relatively gentle, imo, compared to similar reactions to similar "news."
Btw, for others: There's a good chance that "Fishman" is another one of Ricky's aliases.
Atpl, I hadn't thought of that, but I can't argue with the logic so far as Siegall is concerned. Here's the thing, though: The Bakers are insiders - major insiders. I don't think they could be buying this much stock in the open market if M&A talks were underway because that would violate insider trading rules. At least, I think it would. At the same time, given these huge purchases, the Bakers obviously have reason to know or believe that something good is happening at SGEN.
And yet-another 200,000 or so shares bought last Thursday and Friday by the Bakers, for a grand total of well over 18 million.
And today's Form 4 suggests that they bought ANOTHER 500,000 or so in the last few days. They are really loading up.
If I'm reading this right, the Bakers - SGEN insiders - bought ANOTHER 300,000 or so shares of SGEN this week. For those keeping score at home, that would be roughly 1 million additional shares bought by the Bakers within the last month.
Regarding maui/rickarooski: Rickarooski and his aliases - Mauihope, Fishman, Smelky and many others - have made sporadic appearances here for nearly a decade. He or they show up only during periods of pressure on the stock. He or they disappear for vast stretches of time when the stock is doing well.
He uses a different 'voice' for each of his aliases, so it's not possible to determine exactly how ill he is or how much time he spends talking to himself here, but it's clear that some defect in brain chemistry or the way he was raised by his parents - or both - have left him deeply in need of attention. He has made reference in the past to the need to balance his meds; it is possible that his long absences from the board are due to periods of institutionalization or rescinding of his computer privileges while institutionalized.
It's highly unlikely that he has or ever had or ever will have a stake in SGEN stock. He's simply a particularly active, particularly creative, particularly ill troll.
Under his Rickarooski alias, he has been intermittently airing these rambling, incoherent conspiracy theories since the stock was in the single digits ("Ten is 10.") Under his Mauihope alias, he pretends to be a fan of SGEN but incessantly spins negative fairy tales, such as his latest regarding CD-19, a scenario that other, more knowledgeable posters repeatedly have knocked down.
If you respond to him, you are giving him exactly what he wants: attention and momentum in his effort to dominate and dumb down one of the few message boards that has remained worthy of serious discussion.
Sounds like a routine Q&A next Thursday: Seattle Genetics has a conference call hosted by JPMorgan
JPMorgan Analysts Meacham and Kasimov will host a conference call with SEO Clay Siegall on May 29 at 1 pm.