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IBDvalueinvestin (99.67)

Wow GILD from $50 to $43.73 in just days

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April 21, 2009 – Comments (2) | RELATED TICKERS: GILD

before earnings which just came out, and now it makes no sense why they fell so much at all!

Gilead Sciences Announces Record First Quarter 2009 Financial Results

- Record Total Revenues of $1.53 Billion, Up 22 Percent over First Quarter 2008 -

- Record Product Sales of $1.45 Billion, Up 27 Percent over First Quarter 2008 -

- First Quarter EPS of $0.63 per Share -

- First Quarter Non-GAAP EPS of $0.66 per Share -

 

2 Comments – Post Your Own

#1) On April 21, 2009 at 4:55 PM, DemonDoug (73.55) wrote:

it makes a ton of sense.  GILD has significantly outperformed the market, and with many biotech/pharma companies not doing so well, it looks like traders on average made a bet that GILD would follow that trend.

I would say this isn't just a win for GILD and it's longs, but one for transparency.  Because if you had seen a huge runup in GILD you would be skeptical that there would be insider trading.  Since it went down so big, you KNOW that no one was privy to these results beforehand.

My hats off to a company that actually has ethics, morals, and follows the rules.  Good for them.

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#2) On April 22, 2009 at 9:07 AM, IBDvalueinvestin (99.67) wrote:

Demon Doug I must respond to your post.

That was well said and I fully agree with you.

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