A break from the community posts to talk about boobs and botox :) .
What a winner Allergan (AGN) has been. More important to us though is – can it continue?
I think the Wallstrip show does a good job of explaining the trend and how Allergan capitalizes on insecurity to capture market share. The FDA approval of their breast implants does not hurt.
One thing I will never get…BOTOX. I have not seen one person look good. Everone looks like Jack Nicholson’s ‘The Joker’ from Batman. I was just watching Oprah and she was parading many older woman on the show with good makeovers (makeup, clothes and hair). I can’t see how Botox would have made these women any better looking.
As for price, Allergan is Wallstrip worthy. It is near it’s all-time high, has marked time for 5 years in the $100-$120 range and digested a huge run leading up to 2001’s top. I am considering a small position for the long haul but do not own any today.
Brian gives a more detailed picture on price, technicals and entry points:
I am very intersted in everyone’s thoughts on Allergan and the competition.