Has Genzyme Won

Genzyme is flying. It seems that they might be Sanofi's takeover target. This should be good for the entire healthcare sector if it happens. Healthcare is getting killed today and if I were not already long I would be buying now.

7 comments:

Anonymous said...

u think any possibilty of pfe making a run soon?

Tsachy Mishal said...

It definitely cant hurt if this deal gets done. The more direct beneficiaries are other large cap biotech companies namely GILD, BIIB and AMGN. But all healthcare will benefit.

Anonymous said...

Perhaps this is why today PFE dropped again? How low can its price go? I bought it as high as $19.27 and as low as $16.54. Don't know if I will ever get my money back from this stock.

Tsachy Mishal said...

PFE started rebounding once the GENZ news hit. This should be good news for Pfizer.

Anonymous said...

Thanks Tsachy. How much bounce this news can help it? 10%? 20%? I hope to set a realistic sell price to reduce my loss.

Tsachy Mishal said...

Hopefully this permamently turns the sector around. Maybe if it approaches 16 you can sell 17 calls for January for 50 cents plus you would receive 2 dividend so your exit would be close to 18.

Anonymous said...

Thanks again Tsachy. I have not learned how to sell calls and will look in to that. By the way I want to share with you that why waiting for PFE I have been following others and made a few quick trade in BIOD and VVUS. So far those are my only green trades. Also bought JAZZ and hope to catch some run up action.