|
|
|
|
||
GILD view I was off enjoying a mini vacation the past few days so I didnt get to transact any GILD trades. A trip to Kentucky focused on Bourbon and Horses. Anyway I felt that GILD could yield some ground as I stated last week into the $63-$64 range. If GILD stays in the area it is at or drops I will likely buy some shares. Nothing greedy but just accumulate another 10%-20% allotment. Regarding the GILD statement from Kevin Young that we wait for the correct opportunity where we can lead with great science of something like that. Most investors can appreciate not making deals to make deals. On the other hand standing in one spot like a bump on a log and letting the business liquidate isnt much of a strategy either. The real risk that is likely is that GILD will be forced to make a deal or Milligan will be replaced. I am not advocating that Milligan be replaced in this post. I am just saying that a window exists where GILD will be forced to act and they may end up with a poor acquisition because they refused to act in a timely manner. I am guessing the BOD has a deadline at this point to take aggressive pipeline action. Without having time to analyze the degree of bounce from the Thursday market drop I can tell other stocks bounced and GILD at best a dead cat bounce if any at all. While I prefer growth stocks or long term holdings like HON, for my trading strategy I am not unhappy with GILD. With good news for GILD at Zero and lots of threats bandied about, shares chisel new lows and I am happy to take the other side of that. GILD is getting beaten down for good reason but for a long enough period that few are able to look up. Meanwhile the pressure keeps building and management keeps saying we dont want to make an irrational deal. So I will just go on buying new lows, letting some shares go for a double digit gain and buy new lows until something happens. Other than that I do advocate measuring your risk closely before GILD opens its mouth for a quarterly earnings report. Finally shares purchased at the Friday close price will provide an opportunity for a double digit gain. 10% range off of a $64.22 close = $57.82 - $70.64 hmmm.... |
return to message board, top of board |
Msg # | Subject | Author | Recs | Date Posted |
10863 | Re: GILD view | August28 | 3 | 5/20/2017 7:49:28 PM |