Now hitting the top of the symetrical triangle, if we break through it to over $108 on some decent volume, we will likely be over $111 within a 2-3 trading days.
From a technical standpoint it is currently neither a buy or sell, but that will change very soon as it will cross either side of the symetical triangle, which will happen within a week. You could actually buy calls and puts on both sides and likely make good money as it should break out aggressively. Personally I am betting big that it will be on the upside. If not I'll be doubling my position at lower prices.
Of course there is the downside to that triangle but a downward breakdown into Dec. and Jan. with GILD's discounted PE and recent positive news that is very unlikely.
I'm sure the headline triggered algorithms to sell, but algorithms aren't good at interpreting actual situation which is FDA is simply asking for more info that wasn't provided initially before they approve new packaging sizing. I'm sure AMAG thought it wasn't such a big deal as it's only a packaging change so didn't include detailed enough info. No big deal, certainly not worth a 10% selloff. As far as the lawsuit well that's old news and happens all the time when stocks decline as fast as AMAG has. All this represents a great buying opportunity.
Jefferies has been pumping AMAG like crazy. Are they sincere in believing AMAG is undervalued or are they a big shareholder trying to recoup looses or unload stock?
What do you suggest he do send 100K troops over there where many, perhaps hundreds would be killed just to keep idiots like you happy, rather then training allied islam troops to defend it's own territories while supporting via air force so they can depopularize and eliminate ISIS.
Either one under $100 is a great deal. Have my orders in for both GILD and CELG at $97. Likely won't get there but in the this psyco market you never know.
GILD's current PE is less then 1/5 of CELG's current PE even though earnings beat and YoY growth was better. Both companies are excellent but if CELG is cheap then GILD is almost free.
Details are in the Press Release 'Gilead - Good Newsflow Accelerates; All-Time Highs Now Achievable' . It's on Yahoo or search the title. I wonder how many HepC patients in China and what the pricing will be?
Actually there are over 5M in US with HepC and another 5M in other first world countries that can pay full price, but regardless not sure why analysis think the numbers of patients treated will decline. GILD has cured only about 350K patients for $17B in revenues. Being conservative if half are cured and GILD has 70% of that market that's about $75B using $50k per patient. If you include the rest of the world who are just starting to be cured then you are talking about $150B market over the next 5 years. After that the remaining patients with Hep C will want to be cured as well so you can count on that same number after 2020. By then GILD will also have a cures for NASH, Hep A&B&D and likely some forms of cancer.
If Microsoft was being questioned about it's ethics/practices it wouldn't effect Apple or Googles stock negatively, so why goes 1 questionably bad biotech bring the whole sector down. Irrational thinking and panic are fueled by the pros/market makers/media etc. to keep the market moving and to create buying/shorting opportunities, that's all it is. In the long run MDVN will thrive.
We'll all be looking back at this in 6months-2 years and asking ourselves why we didn't buy more during this opportunity.
I like Cramer but sometimes he is a loose canon and installs fear into the retail investor causing them to panic sell and making bad investment decisions. This morning he was saying Biotech and HealthCare would fall without knowing that 1 out 5 new jobs in this mornings job number were in Biotech meaning that Biotech is the fastest growing industry and that a quarter point interest raise does not effect the biotech market.
How long will it take for Wall Street to realise GILD's growth will continue and PE should be 15-40? They have blown away earnings for the last 18 months now (with 1-2 mediocre Q's last year). I do remember this happening to AAPL when it fell from $700-$350 pre-split. I wasn't patient enough that time, this time I will be because GILD just too darn cheap.
You could make a living by buying this during the after hour dips and selling the next morning. I have that feeling that GILD is currently being played in preparation for a rally upward coming soon. If you remember it SP acted this way before GILD went from $99 - 123 a couple months ago.
GILD, being a biotech, is not currently in favor as much as FB, but growth is about the same and it is 1/11 of the price of FB, with a PE of 10.
It will likely fall back to 100, but it will never be the next Myspace. If GILD had the same valuation as Facebook it would be over $1,100 per share. I guess social gossip is more vital then curing deseases and saving lives.
They are wrong, which equals opportunity!! GILD does not provide future numbers beyond 2015 like CELG, which annoys analysts, and is in part why GILD's P/E is only10 (forward P/E about 7), but there lies the opportunity, as GILD continues to kill numbers eventually Wall street will give them their just-dessert.
You will start to notice analysts that actually do their research are starting to change their numbers as they realize the Hep C numbers and GILD's forward market share are larger then initially thought. Also the walls for Hep C patients to access HepC cures is starting to fall as PBM's/Insurers are being called/sued for restraining HepC drug cures.
GILD's latest Hep C single pill, close to FDA approval, will cure all 6 Hep C genetypes, so genetype testing will not have to conducted, providing further convenience/savings for hospitals and guarentee GILD the leader in Hep C treatment. Upcoming competitors are not even close to this, so I'm being conservative using 70% market share, will more likely be 80-90%. Also GILD pricing is more secure then ongoing drug treatments because it saves health care cost in the longer term, therefore higher initial price tag can be justfied.