Did not expect to revisit these levels but its always tricky when a stock is transitioning from growth to value. The company is still in the market every day. i figure it will take at least a few more weeks before they can buy $1 billion in shares but I think they will keep going.
I would also note that I have a market hedge on against my longs including Gilead but it only will protect me for a couple of more percent of downside.
6 comments:
support levels for s&p= 1064, 1050, then 1022
Mate, what time option will expiry today?
Any further thoughts on GILD?
Praguer
Im not having fun but Im staying long.
Did not expect to revisit these levels but its always tricky when a stock is transitioning from growth to value. The company is still in the market every day. i figure it will take at least a few more weeks before they can buy $1 billion in shares but I think they will keep going.
I would also note that I have a market hedge on against my longs including Gilead but it only will protect me for a couple of more percent of downside.
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