JULY 24, 2008 (Dow down 283) - After a day like this we want to find stocks that will benefit from falling gasoline prices, like Disney (DIS) and Tupperware (TUP). Natural gas prices will bottom at $8 mcf.
see it as a scale-in defensive buy that will do well after the currect short term oversold rally ends - label expansion of existing cancer drugs (especially Avastin) will drive future growth - stock is the cheapest it has been in years (22x earnings vs 22% growth rate) - don't see much risk down here - an FDA Advisory Panel meets Dec 5th to review Avastin for breast cancer - think there will be good news
73.78
0.00%
11/14/07
next day close
74.26
+0.65%
12/07/07
must be bought down here
68.49
-7.17%
01/11/08
could see price pressures if Dems take power
71.50
-3.09%
03/10/08
we are overdue for an oversold stock rally - co has an analyst meeting Friday - expect to hear a lot of good things - biotech should be the strongest group in this market - has no economic sensitivity - DNA has trhe best sector growth & possibility of analyst earnings increases - Avastin was just approved for breast cancer (Feb 22nd) - preliminary numbers suggest that sales are exceeding expectations - think co will raise guidance on Friday - may hear about progress on lupus drug - has a buyback for 3% of its shares - see it going to 100 over the next 12 months
78.21
+6.00%
03/19/08
sticking with it
78.05
+5.79%
03/27/08
a good value here
80.13
+8.61%
05/09/08
not getting the approvals expected - can't recommend - prefer Gilead (GILD) & a half position in Celgene (CELG)
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