I also sold yesterday. I personally think this will go down because of dilution and 30+% of short position, if you look at the pattern, most of sale happened on Friday was retail investors. Today's selling was in huge blocks by investment companies, no regret at all, made good money. moved on to SGYP.
This is a great result, I was expecting a miss. Now the manipulations started, you see less than 100 shares are selling now, to manipulate the stock. Do not sell yours, you will regret it later.
JP Morgan endorsed GILD as the 2nd best biotech company. Tomorrow should be super/duper day, its all depend on netFlix, if netflx bad tomorrow market will be on bear raid. I bought 50 may 80 calls, expecting to to go above $82 by next may 23. I really don't understand why these SA and FOOLS negative articles coming every 1 hours. They are out of Gas already.
Not sure what will happen tomorrow IBM/GOOG down badly expecting a drop tomorrow. Hopefully by next week will be good for CELG.
I know this a stellar biotech comp with a PPS projections of 200. But I can't get this company, why so much of selling today too. I thought this company still with a forward 14%, great fundamentals, why people are still hesitant to buy. I am concerned now. Any idea any one? This the highest investment I have currently.
You are an idi0t, said its going to $100
1 day ago ytou sadi
Also load up GILD (Gilead) O/T
by tradingadollar • 17 hours ago Flag
Been loaded since the $69.00 - $70..Going to over $100.00
I am pretty sure this will be highly volatile and the PPS will change atleast 2 dollar up and down in next 2 days. Not sure they will pull the plug and halt trading before the document releases. If that's the case only tomorrow is the only day we can trade. Monday will be a happy Monday another $3 up or down.
Article from Forbes
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Gilead Sciences GILD -4.59%, Inc. (NASD: GILD) entered into oversold territory, hitting an RSI reading of 29.8, after changing hands as low as $70.85 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.8. A bullish investor could look at GILD’s 29.8 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Today morning GILD was targeted to manipulation again by some small investment companies, they have achieved based on the block sells in the morning. We can just watch or buy more. Nothing can be done.
I thought what happened to this stock for the last few days was manipulation. There were 300+ block sales in the last 6 days. Now its the time to go up for the $170 to 180 range in 2 Months.