BMY Trading to near 2 year lows

lookingforatenbagger
Eternal

Posts: 3,567

OPKO Investment: Long
Sentiment: Neutral
Recommendation: Buy

BMY Trading to near 2 year lows Sept 2, 2016 17:24:35 GMT

Quote

Post by lookingforatenbagger on Sept 2, 2016 17:24:35 GMT

They had some bad news on their Opvido Cancer Study. Apparently it is a complete bust leading investors to question where new growth will come from.

The chart on BMY is mixed. The MACD went positive last Friday, but only slightly so and the stock price has continued to fall. Hard to believe the current 2.7% yield makes up for the 32 PE. Looks like it has more to go IMHO.

Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

lookingforatenbagger Eternal Posts: 3,567 OPKO Investment: Long Sentiment: Neutral Recommendation: Buy Jan 22, 2016 18:48:03 GMT	BMY Trading to near 2 year lows Sept 30, 2016 11:48:44 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by lookingforatenbagger on Sept 30, 2016 11:48:44 GMT Was Yesterday a sell of to the bottom? Selling $52.50 puts looks interesting.
	Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

Deleted Deleted Member Posts: 0 May 18, 2024 9:08:06 GMT	BMY Trading to near 2 year lows Oct 1, 2016 14:51:54 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Deleted on Oct 1, 2016 14:51:54 GMT personally, I would rather own ABBvie.

lookingforatenbagger Eternal Posts: 3,567 OPKO Investment: Long Sentiment: Neutral Recommendation: Buy Jan 22, 2016 18:48:03 GMT	BMY Trading to near 2 year lows Oct 17, 2016 19:29:02 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by lookingforatenbagger on Oct 17, 2016 19:29:02 GMT Down below $50 today and my puts are barely in the money.
	Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

lookingforatenbagger Eternal Posts: 3,567 OPKO Investment: Long Sentiment: Neutral Recommendation: Buy Jan 22, 2016 18:48:03 GMT	BMY Trading to near 2 year lows Jan 31, 2018 22:06:08 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by lookingforatenbagger on Jan 31, 2018 22:06:08 GMT Almost hit it perfect. Puts expired worthless. Almost wish someone had exercised. Price today is $62.60 after a $2 selloff this week. Yields 2.5%
	Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

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Post by lookingforatenbagger on Sept 2, 2016 17:24:35 GMT

Post by lookingforatenbagger on Sept 30, 2016 11:48:44 GMT

Post by Deleted on Oct 1, 2016 14:51:54 GMT

Post by lookingforatenbagger on Oct 17, 2016 19:29:02 GMT

Post by lookingforatenbagger on Jan 31, 2018 22:06:08 GMT

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