illinoisfan11
- Peoria, IL
I'm actually a financial advisor. If any of my fellow Illini fans ever have any questions, please feel free to PM me for my contact information! I never charge fees for meetings/consultations/planning.
I think you guys are thinking of "phase 1, 2, 3" as opposed to stage. I agree with what has been said otherwise. Right now Gilead is done with phase 3 trials on a multi drug cocktail that has ridiculous efficacy. Everyone is expecting FDA approval in the near term. There are some concerns. I believe J&J is in phase 3 trial on a competing regimen. Also with Sovaldi in large scale use it's possible that unforeseen side effects or complications could be found.
Often when everyone expects good news, it's baked into the price already. That said it isn't really priced for perfection. A 50% increase over 12 months is possible.
Thanks zoggle. I remember my victories a lot more than my disasters of which there are a fair number.
I think the drop happens often in smallish stocks after good news is announced. People take profits and that pushes the stock down. Plus it was up a lot lately.
I could see PCYC being bought out potentially. Johnson and Johnson might want them. I think GILD would be a lot to swallow. Their market cap is almost $140B.
http://gph.is/1iM4SD2
Bump.
Any advice for situations such as last week? Stocks started free falling, and I immediately went into hold mode. My strategy was basically "stop looking at them, wait for however long until the market recovers". I think it was more reactionary based, but all my stock declines were driven by the market and not the relative changes company by company.
How do others react when the market starts to tumble? Did anyone see some big opportunities to exploit at that point?
Why hold, BUY... I bought Lumber Liquidators at 12.56 a few days ago after it dropped from around 20. Also bought several oil/gas stocks on Monday with a nice return already
You aren't concerned with the outlook of the market in the short term? If it is all about the timing, do you think the drop was just a blip?
Just bought some Suncor Energy last week for a long term option. Here soon I am going to buy into Apple before the new iPhone comes out, and looking into Illinois Tool Works for a long term option.
Funny, I just happened to be buying a bottle of Rain-X this weekend and noticed it's made by Illinois Tool Works. First time I'd heard of the company. What else do they do?
I picked up a position in DIS when it dipped around 97. I just look at these dips as a buying opp. Not planning on timing the market just getting good companies at a good value.
Anything from Rain-X (awesome product btw), fasteners, small-to-large equipment, industrial products, etc...world wide. They have over 20,000 patents with unexpired patents, and pending patents. ITW has a market cap of 30.27 billion. Their 52-week low is $78 and are currently sitting at $82. They are a BUY option right now.
ITW does seem like a great company and stock, but do they sell to China? I think eventually that will hurt them long term if they do.
So, I opened an E-Trade account and I'm going to start trading stock on Monday. I have a few different companies in my sights.
I'm not trying to get advice really, but I'm curious as to what you all have invested in/how you're doing in the stock market.
Crazy last few days for the oil/energy sector. I took a gamble several weeks ago and bought 5K shares of CHK at $1.60 with bankruptcy rumors looming and it took off over the last 48hours and I dumped it at $4.59!
Hopefully all this good luck means we beat Maryland tonight