TEVA is getting unreasonably whacked!
Sure, the article I read singled out TEVA but the article also, rightfully, generalized about drug companies in general.
My opinion about overpricing drugs? Nothing new -- it's been going on for decades. And the only way that can happen is if our own government, through political donations to both parties, allow it to happen. How do they get paid? Through campaign donations when they are running for election or re-election. And after leaving office, X-public officials get paid for doing things while in office through the funding of speeches and books -- how else does one explain how Bill Clinton showed a net worth of 100-million dollars two years after leaving public office?
Why did TEVA get singled out in the article I read? Because media people are also part of the scam. Some group within the government and in the media wants to buy TEVA stock, so why not pick on a company based in Israel as opposed to a company based in the US? Well that's pretty obvious, too -- ever hear the phrase anti semitism?
I haven't been in any stocks for over a week, so I'll see if I can time this selloff and get back in -- and at least until today, I was planning on using BHC. I might have to change that to TEVA.
I was originally planning on jumping on BHC because it reacted far better than I thought it should to its earnings release. But I consider the huge drop in TEVA today as being a gift, so I need to look harder at that. Either way, the whole market is on the edge of having it's own correction, so I think it's a good idea to wait for the whole market, and not just individual stocks, to have their selloff before making any new purchases.
In other words ... patience, grasshopper. Let them wear themselves out first, then join the battle.
