Replies to post #99740 on Biotech Values

[DewDiligence]

The tax rate on LT capital gains will likely be higher next year.

[CHM_760]

Re: GILD /10nisman


With such a low cost basis why do you want to sell your GILD shares? Afraid it may go a lot lower?

Yes, that is my concern. 20/20 hindsight, I should have sold at $59 in 2007, or at $50 earlier in 2010. I just "assumed" that it would come back to 2007 prices eventually. Stock is now down 24% on the year, so I'm starting to feel pretty stupid for holding. Which is why I'm seeking comments from people that watch biotech day-in and day-out to see if they foresee further erosion of Gilead's business and stock price.

Thank you.