I love the company and have made money. This stock gets hit more than any stock I have ever traded. Excellent earnings and it tanks. I do not understand why this stock is picked on so much. CELG has been safer for me.
A few years back I owned 5000 shares on INCY at $5 bucks a share and sold at $10. Fast forward today and the stock sits at $107. This brilliant move cost me $485,000 bucks. The BB have seats on the board and are no fools. I am riding this one due to the new technology the company has. I sold GILD and some CELG to buy this one. Let's hope history repeats itself.
The Baker Brothers are no fools. The biggest trading mistake if my life was selling 5000 shares on INCY @ 5 bucks a share in 2009. Those shares today would be worth 470,000 bucks. Number one rule is to follow the money. I quit daytrading as I was losing money. I now hold and am up 32% since 01/01/14. One million to the BB is a dime to you and me. I #$%$ on INCY and it will not happen again. The shorts can have fun with IDRA but the day will come. I did hold PCYC and make some nice profits. You never know. I could have bought OPK at 4.50 and it sits around 14 and change. Think long term. I have learned this lesson the hard way.
I own 700 shares of GILD which I bought @ 102.00. I have a sell at 103. This is the best/worst stock I have ever owned. I have made money but made much more off of PCYC which I had a chance 3 years ago to buy @ 9 bucks. Shoulda, Woulda,Coulda. This is a no growth stock with too many companies coming out with HEP. C drugs. The HIV drugs are years away. I only hope it hit 103 soon and I am gone.