Why did the stock tank almost 10% today?

[anonymous]

Any ideas?

 

[anonymous]

Because Luddy is so freakin' awesome

 

[anonymous]

Two things

1) the entire market was down
2) alexion stock always seems to take a dip after an earnings call.

 

[anonymous]

There is a recession coming. All signs point to it. The market is pricing that in. Don’t look for biotech stocks to fair any better for the long haul.

 

[anonymous]

No the entire bio market is not down, street has no faith in clown show who are clearly over their heads.

 

[anonymous]

There is a recession coming. All signs point to it. The market is pricing that in. Don’t look for biotech stocks to fair any better for the long haul.

Hey schmuck,

First off the market dropped because it is pricing in next year’s eps drop as tax cut pump wears off.

Secondly, the entire sector got hit because of the potential changes in drug pricing regulations being announced.

Thirdly, no economic indicators are pointing to a recession. In fact interest rates are being targeted higher to ward off inflation due to the economy being too strong. The entire market also fell related to a market correction.

Try some other board like seeking alpha to spew your venom.

Yours truly,
Jack Mehoff, MBA, CFP.