Dipping A Toe Into Celgene

I have bought a baby position in Celgene. It is a fallen angel and the growth funds are selling it hard. While I think the valuation is very attractive these fallen growth darlings almost always over shoot. I will buy on a scale lower.

2 comments:

nicasurfer said...

So why is celgene selling off so hard today?

I researching?

Tsachy Mishal said...

There was a negative note out from BAC. Selling seems cathartic.