Well...thats exactly why underperforming...because the sector is doing so well. CELG is the granddaddy....money is being expunged from it to buy other smaller bios to TRY and make more money and to buy the IPOs. No big deal...when good news comes around $ flows back and shorts cover CELG. CELG has to earn every uptick...just the way it is. When they report and bat ppl over the head with probably a $1.08 number that at todays PE is $122+ so should make us some money soon.
Finally something intelligent to discuss.
Didn't see the 49s but cause of you did see the 3/20 52s for a big block...same difference.
Oil had to kick in at some point here...Barron's article makes no sense....so.. Stifel staying away cause of oil price rise cause very levered........but.........oil now apparently oil going to 40 for sure and worried now about 20. ...maybe big boys left airlines and gonna keep a cap on them until they can get back in. By time figure oils direction it will be too late to get on board.
WOW...will get interesting for holders in this! Just ran new numbers and growth cut to 6.1 - 12.1% max growth for 2015. Better hope that number comes in on that high end cause trailing after NEXT Qs numbers is maybe 6.54, slap even a 25 pe on that thats risk to 170...ouch.
I like the 245 level....it won't go into the end of 2015 in this economy without some guns blazing....