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04-16-2008, 10:16 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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CELG
Perhaps a bit late on this one, but I think CELG should run to mid $80's. JMO though and check it out yourself. It seems they have some orphan drugs that have a good shot at getting approved in the US.
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07-02-2008, 12:37 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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So far so good.
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07-07-2008, 03:16 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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I have a cost basis here around $61. Hit $69 today. Just an update.
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08-05-2008, 11:45 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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If anyone cares, I went ahead and sold my CELG today at $74.79. Just cause. I may regret it....I may not. JMO
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08-06-2008, 09:55 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Ouch. Sold a bit early.
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08-08-2008, 10:45 AM
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#6
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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 Quote:
Originally Posted by Art G
Ouch. Sold a bit early.
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What do you think Art, is there still room to the upside? I got in at $65 and have been thinking it might be time to sell but I haven't been paying too much attention to it lately.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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08-08-2008, 11:11 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Glad to hear you got in! I think long term there's probably more, but in this environment, I've actually got to agree with Cramer, take some profits. Originally I said mid-$80's, and I still think that's a target, however, I thought we just might see another pullback to $63 or so first. Pharma stocks always make me nervous. Good luck with it. I don't know if you were acting on my recommendation or your own pick, but I'm a bit curious as to whether or not I'm wasting my time making suggestions here.
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08-08-2008, 04:30 PM
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#8
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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Quote:
Originally Posted by Art G
I don't know if you were acting on my recommendation or your own pick, but I'm a bit curious as to whether or not I'm wasting my time making suggestions here.
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No, I bought last November, just weeks before it ran off a cliff (15% in one day) on some good news for a competitor at the same time they got some not-so-great news on Revlemid (sp.) I considered selling then, but I still liked the story and figured it would be back eventually so I decided to own it for a while. But, your interest did give me further reason to believe.
Since then I've been watching the price and been increasingly happy as I saw it go from red to black again, but I didn't really pay that much attention to what's going on with the company.
Quote:
Originally Posted by Art G
Pharma stocks always make me nervous. Good luck with it.
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They are given to strong reactions, and it seems like anything less than a home run piece of news makes them plummet like a stone.
Quote:
Originally Posted by Art G
I think long term there's probably more, but in this environment, I've actually got to agree with Cramer, take some profits. Originally I said mid-$80's, and I still think that's a target, however, I thought we just might see another pullback to $63 or so first.
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That might be the right call. I've got irons in other fires at the moment and I'm not sure I want to put any time into catching up on what's going on with CELG at the moment - especially when I'm up 15% in monopoly money that I can turn into real money with a click of the mouse. Hogs get slaughtered and all that.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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08-11-2008, 11:23 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Leo, I could tell you why it tanked when it did, but no one around here wants to hear it and I'm not prone to put it in print.
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08-14-2008, 06:37 PM
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#10
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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I sold at $75.82 on the 11th.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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