Is Bluebird Bio, Inc. (blue) Worth A Look?

Discussion in 'Investment Charts' started by longtermbull, Dec 8, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Looks like it is starting to edge higher again to me? Maybe a stock tip for 2018 might be just around the corner?
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    Bought another 10 shares today at ~ $175. Will gradually buy in more if it keeps going down significantly. It's down a good 20% now from its recent all time high.
     
  3. Chartman

    Chartman Senior Investor

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    If the company can deliver through the recent collaboration there is no reason to suggest the shares dont look anything but good value for the future. The spike has obviously attracted a lot of profit takers and possible shorters who think the shares moved too far too quickly. Once they have been worked through the system we should begin to move back to more fundamental based share price movements. Certainly one to watch :)
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    What kind of long term target do you have on these JR?
     
  5. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I think it could hit $300 eventually. Whether it can do it or not within a year or so IDK.

    Keep in mind that these biotechs can often go down a fair amount from a recent high before they shoot back up again.

    They can also tank on occasion on negative news.
     
  6. gowiththeflow

    gowiththeflow Senior Investor

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    Will you also be buying on the way up JR?
     
  7. Chartman

    Chartman Senior Investor

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    Is there any research to look at for these shares? A $300 target sounds good to me :)
     
  8. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I may add more shares if it appears to start gaining momentum for whatever reason - if it starts moving up a few percentage points here and there on heavy volume over days or weeks, perhaps in anticipation of upcoming events, or due to big boys buying in or whatever.

    What I DON'T do is buy in when such a stock shoots up big overnight on drug news or whatever like we saw last month - I don't buy at $225 when it was $175 the day before... That's when you want to take profits if you already own it, or else wait for it to hopefully come back down some before you buy if you didn't already own it ahead of the news... Chances are that it won't keep going up much short term right after that big jump up overnight from $175 to $225 - it will probably stall and eventually come back down - which it has...
     
  9. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I like to start with the company's website, SEC filings, my discount broker's research tools, etc.

    Biotechs in general are highly speculative. Drug trials, FDA approvals, and a bit of M&A here and there are what drive them. I mostly like to buy them in small amounts when they fall, then wait patiently for (hopefully good) news that will hopefully eventually drive them up dramatically in the short term - then I can hopefully take some or all of it off the table at a nice profit.
     
  10. Chartman

    Chartman Senior Investor

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    The stock seems to be under a little bit of pressure at the moment. Is it time to buy small chunks?
     
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