1:30pm (right coast time) Celgene (CELG, $37.94, down $6.46) dipped below $37 which pushed the April 40 calls (LGHDH, $1.05, down $4.35) to a low of 75 cents. They were at $1.20 when I mentioned them this morning and I said they could go as low as 80 cents. IfRead more
Celgene Update
Celgene Gets Whacked
Celgene (CELG, $38.30, down $6.10) is down 14% this morning after offering a disappointing outlook on earnings to Wall Street. The company said first-quarter and 2009 earnings and revenue would miss expectations due to weaker sales of its drug Thalomid. This is no April Fool’s joke, bubba. For those ofRead more
Tuesday's Tidbits – Amazon.com
Bears Rocking Wall Street
Futures Pointing Towards Lower Open
Weekly Market Wrap for 3/29/09
1. Commentary 2. Research In Motion Earnings Preview 3. Further Gains For First Solar? 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Despite Friday’s 148 point drubbing, the Dow had a fantastic week as it gained nearly 500 points to finish at 7,776,Read more