Replies to post #461 on Gilead Sciences Inc (GILD)

[DewDiligence]

If you don't own the stock, what is your purpose for posting here?

The purpose is twofold:

1. GILD is the main competitor to a company in which I own a large position (ENTA).

2. I may buy GILD at some point; I need to stay abreast of developments to be able to strike if the opportunity presents itself.

Moreover, GILD is a stock that many serious biotech investors follow whether or not they have a position. With a $110B+ market cap, GILD is one of the bellwether companies in the sector. The Sovaldi launch has attracted so much publicity and generated so much political agitation that it’s affected the entire biotech arena and the entire US stock market to some degree.

[north40000]

fung derf, you said..." I own 1850 shares and I'm betting that's more than possibly everyone here."

It would not be fair of me to take that bet, but I do have more.

Began accumulation in mid '90s and, after many stock splits, now sit with a basis of $0.758 in a SEP-IRA. Amazing what a long-term investment then can lead to now.

You should visit the Biotech Values board on IHub, and see the spirited, good-natured discussions relating to GILD's future market value. I mostly observe on that topic.

BTW, Dew once moderated this board, if I recall correctly. We have had many discussions over the years---some argumentative in nature. I think he will agree that neither of us always wins.