I bought some [[CELG]] near the close @75.41. I’d been hoping for it to pullback to $66, but with the [[IMCL]] news, I couldn’t afford to wait on it here.
Big pharma needs to jumpstart their pipelines.
There will be more acquisitions and consolidations in this space.
If you want to play here, there are so many of these stocks that are looking attractive technically, but first check out: [[BPAX]], [[CEGE]], [[CELG]], [[CGRB]], [[CRL]], [[GPRO]], [[ILMN]], [[IMMU]], [[ISIS]], [[MDVN]], [[OSIP]], and [[OSIR]].
I don’t understand my attraction to these, so don’t ask.
Keep in mind that many of these companies have no earnings, no prospects and burn through cash like a 16-year old cheerleader with her dads credit card.
Running a biotech company is a bitch….and then there’s the FDA.
Disclaimer: XXX-Rated. Adults only.
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