I am damned sick and tired of every single day a new deal announced to great fanfare. Or another breakthrough drug. If those things are not a top what things are?
First of all, do not own a stock with bright prospects. Because its price already is reflecting that. As a matter of fact, for various reasons, this is THE stock to be short. VRX is close. Because that company has been buying up all these drug companies at what it thinks are good prices. Then I also have BMY because of Cramer's liking it so. And TEVA when it came out with its great news. Shorting is stupid. You need a stop which is impossible. The solution is to only do a teeny amt so even if it goes to zero you make nothing. It had to be just for entertainement. It's beautiful the way they swooned Friday for no reason. Out of the blue in an up day. It's over. This is a guess. Since its impossible to know anything.
It's not good to sell out of favor stocks. Some go to zero. But a few go very far. Which are which? The future is unknown. So need to hold for years.