Gilead Sciences Inc (GILD)

[llessurK]

GILD traded over 70 million total volume on the last big gap down on Dec 22nd and an additional 60 million+ the following session before returning to normal.

That was an -11% gap down with an additional -10% downside the following day before it found a bottom in the $85's all on pure speculation of something that never actually happened.

The funny part of all this is how the fundamental reason stated for the December drop was the exact opposite of the reasons stated for today's drop in price.

However, I don't expect it to fall quite as severe this time around now that they have the lions share of Hep-C coverage as well as a dividend yield on on their stock. What they do lose to discounts, they make up in volume, imo.