Revenue growth is only 10%. Doesn't look like a big deal for a company priced to absolute perfection with 30+ P/E.
The chart is broken and this gap up seems like a good entry point as the story here is largely played out.
BIIB .. selling short into gap up on earnings.
Started by
ogm
, Apr 25 2013 07:15 AM
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#1
ogm
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- Traders-Talk User
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Posted 25 April 2013 - 07:15 AM
The stock is gapping up a few points after posting earnings that have largely benefits from lower tax rates.
Revenue growth is only 10%. Doesn't look like a big deal for a company priced to absolute perfection with 30+ P/E.
The chart is broken and this gap up seems like a good entry point as the story here is largely played out.
Revenue growth is only 10%. Doesn't look like a big deal for a company priced to absolute perfection with 30+ P/E.
The chart is broken and this gap up seems like a good entry point as the story here is largely played out.
