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Celgene - please talk me out of this

JoeNoEskimoJoeNoEskimo
edited October 2013 in Off-Topic
I have a crush on CELG (Celgene). Its already doubled this year. But the pipeline and growth prospects make it so tempting.

Please somebody talk me out of taking a large position in this stock with the markets hitting new highs. I need a "devils advocate" here.

Comments

  • VintageFreakVintageFreak
    I think you are on the wrong board. Still, if you don't cell it, I'm going to buy 1 share. That will ruin your investment.

    Don't take me up on it. I have an unimpeachable track record driving companies into bankruptcies. Sell now.
  • hank
    edited October 2013
    I think you should buy it. But one year ago - not now!

    Major holders http://finance.yahoo.com/q/mh?s=CELG+Major+Holders
  • linter
    tanked 4.5% yesterday. JNE: you getting more interested or less? personally, i kept casting my eye toward ABC, but i sure wish it would correct some.
  • JoeNoEskimoJoeNoEskimo
    edited November 2013
    Reply to @linter: Had a small position, then quickly closed it out. I knew it could drop like a rock. I will be a buyer, but probably via FBIOX...at some point.

    CELG is back up 2.4% this morning.
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