Because most of GILD's shares are owned/traded by institutions, hedge funds, etc. (smart money) it always trades much higher from the open when it dips in pre-market or in the first 30 minutes followed by a market rally. The reason is pros don't like to chase stocks that gap up but rather like to wait for a pull back before piling in.
Wow! Who would of known we would go down $9 in a 27 hour period. Great buying opportunity as market is including GILD in as part of over priced Chinese affected market when it is about 1/2 the price of the overall market and does zero business in China. Talk about throwing out a super baby with the bathwater.
This is a day traders dream and an investors nightmare. Trade this with extreme caution, at the current rate of decline it will be in the 20's in a few more days.
GILD and AMAG are better as both have lower PEs (current PEs of 12, forward PE less then 9) and faster growth, however, I think think ANIK is close behind. I own all 3.
Today I just became an angry school boy as well. Biotech index down 4%. What gives? AMAG still going to $100+ but it won't be without a few dips like today along the way. Upward trend still intact
Who cares, stocks up $6 in a few days, so you angry school boys are about to loose your swamp side trailer duplex, to pay for my Lambo oil change.
Hey amoeba boy (csmithtx7), I already addressed this in another post. Not only can't you count to 7 or read a calender you also keep repeating yourself. Kind of annoying but I guess angry school boys are that way. Regardless this price retracement is short term to match the $63.75 priced public offering (PO), but once that is finalized the price will jump to new highs, just like it did last offering when it retraced down near $40 before running to $76. Most long term successful companies do POs to provide extra cash to pay off debt and/or expand earnings. The shorts on this board will try and paint it as negative, and although it does dilute shares, the trade off to obtain accelerated growth is the alternative Wall Street wants to see, especially with the strong earnings and low PE they currently have. This will be $100 within a year.
Look at the date of my post amoeba boy. It was last week on July 23 and I did sell all of my shares last week, just after BIIB tanked as I went all in on GILD (I like low PE growth stocks like AMAG and GILD) as GILD was taking a beating as well. I had intention to hold onto AMAG to $99 but went you get a chance to get into GILD down 5-6% a couple of days before ernings you grab all you can get. That move did and will continue to pay off. I believe GILD is the best company period (AMAG is in my top 3). I really don't care if you believe me or not, because you can't even count to 7, so I have nothing to prove to a angry tantrom throwing school boy.
I'm not saying you are dumb, but that is certainly one of the dumbest comments I have heard. A $200 million offering didn't increase the market cap by $2B. The growth of AMAG is off the charts and this price retracement is short term to match the $63.75 priced offering, but once that is finalized on Aug. 5 price will jump to new highs just like it did last time. Most long term successful companies started off doing POs to provide extra cash on hand in order to expand earnings. It's how you grow when you are a young company. The shorts on this board will try and paint it as negative, and although it does slightly dilutes shares, the trade off to obtain strong growth is the alternative Wall Street wants to see. This will be $100 within a year. I say this in an unbiased fashion as I currently don't hold a position as I sold my shares last week but will be loading back up before Aug. 5.
This is up 9% since earnings. I wish all the stock's that I owned had management that held their stock down like that, as I'd be able to retire a young man.
Thanks for your answer but the first part of it doesn't make sense. $80+$38=$118 which is the current stock price so instead of buying the stock for $118 why not buy it for $38. The beta is basically 1 so when GILD goes up (or down) you make the same profit (or loss) with investing $38/share as you do with $118/share, while using less then 1/3 the capital investment. So I can buy 3 times the number of shares using the same capital using this particular option. The only advantage to owning the stock is that you receive the quarterly dividend (which is taxable), but that doesn't come close to making up for the extra leverage you get from the option. So again I'm surprised there isn't any, or very little premium, so I guess I'll just take advantage of it unless there is something I am missing here??
May pick some up tomorrow but almost seem too good to be true.
Doesn't matter how good an earnings report is you should always sell on a big gap up. The only time you shouldn't sell on a big gap up is if there was some sort of break though or unexpected approval that is a game changer. I sold all my ANIK after hours yesterday and this morning but will buy back near close or tomorrow, depending on the price action.
So should Apple provide you with an iPhone for free or at their cost, what about a carton of milk, is it moral to make a profit when providing a necessity for people's diet. What you are referring to is communism where everyone gets everything cheap and everyone makes the same low pay. The theory sounds nice but in reality it doesn't work versus capitalism in which companies charge what the market will bare. Society requires profitability (and in many cases large profitability) in order to motivate companies and the people within them to take risks thus advancing innovation. For every worldly successful drug created there are 20 that don't succeed that you'll never hear about, so the payoff has to worth while or the break through drug will never be developed in the first place.
He doesn't. I 'm not sure either but if I was to speculate I would say they will raise year guidance by at least $1B as they know last half will have incremental revenues from Japan and Brazil.
This lawsuit just doesn't make sense and seems fishy to me. We all know lawyers are leaches but they still require a lead platiff who has lost money in order to file a case. The only ones who have lost money over any significant period of time are shorts. I know shorts have been killed here but would someone scoop that low? Waste of their time and energy as they won't get a cent back for their efforts.
Glad you are able to recongize an opportunity when you see one. I assume you are covering your short and going long as a result of this recent pull back, atta boy.
I think that decline today is more related to the Health Care Co. amalgamating but that will not change GILDs future ability to maitain current price level, which I believe may investers are thinking will happen.