The smart horse to bet on was GILD, not CELG. CELG has been dead money for months. Nothing wrong with that if you like having dead money in your portfolio.
People do not keep stocks on hope. If people are not holding then it is because maybe the future is clouded with uncertainty. This stock over the last few months has been mostly down and bouncing in a trading range. This is not a stock for the faint of heart.
Which direction is your run going, up or down? Yup, it made a nice run from $128 in March to $106 in May. Stuck in the mud.
Was lucky enough to see Avengers Age of Ultron yesterday night. I was lucky to find seats in advance earlier in the week. The showing was sold out. Also, they showed the first trailer before the movie began of the new Star Wars movie. This is the first theatrical release of a trailer on Star Wars that I have seen at the cinemas. The Star Wars marketing and release of theatrical trailers for the most anticipated movie of the year has in all earnest now started.
There are many places. One that comes to mind is Disney. One of the best managed companies in the world with a steady slow grind upwards; less volatility, major catalysts going forward with a new theme park in China, the new Star War Movies and the Avengers opening this weekend which will break records for first weekend openings. There are others; Celgene a good company but with a not so good stock price that yo yo's all over the place.
I did not buy at a 52 week high, but I did sell today to lock my profit. What say you?
I not not deny what you say is true. My point was that your premise is not always logical or feasible unless you have a money tree. Time and money are precious commodities that march to a different drummer. The market is a game of manipulation and of course winning at this game is learning to play the game of manipulation to your advantage.
I just sold some this morning with a profit. I just think there are better places in the market right now with less uncertainty, aggravation and stress.
Everything is always crystal clear in hindsight, isn't it? What about people who bought when everything was smelling roses six weeks ago thinking everything was right and slowly watched day in and day out their investment evaporate. Buy on the dip with what? It's not like you are at a casino and when things don't work and you are Bill Gates to just throw more money at it if you have it. Always scratched my head when I read these kinds of messages.
Well, this is not what it has been doing now for the last 6 weeks. If it walks like a duck and it quacks like a duck, it is probably a duck. This stock has been broken since mid March. Everything
now dependent on the May 7th hearing. I would not touch this unless you have nerves of steel, have extra money to gamble, or just enjoy taking roller coaster rides.
Buying on the dip all the way back from the high of $128 mid March would have been like taking a deckchair out on the Titanic. The market will now be even more jittery on May 7th with the patent hearing in lieu of
earnings this morning.
You are completely correct. Most annoying to read these pumpers screaming from the roof tops to buy on the dip. You never try to catch a falling knife and this is what this story has been now for a few months. Anybody on bought this stock on the dip all the way down from $128 has lost his shirt. This is a broken stock for now.
Not really disappointing that CELG did not rally into earnings. It does what it does best - nothing!
Now now, don't be goofy with stupid comments. Join Mickey and the gang and smile. Try it, you'll like it!
Of course, the realists here have lost reality. They keep adding on the way down only to
realize the next day they have lost more. Celgene a highly volatile stock. Remember never fall in love with any stock.