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My post from October 13th entitled, “Listen Up, Gang,” alerted you to the BIIB setup in the biotechnology space, and I have been holding that position for over two weeks now. I sold half into this morning’s huge pop, since it is always a good idea to take advantage of a positive news item and reaction that comes across the wires in your favor. However, I would argue that the stock was technically set up well regardless of the news. As you can see below on the long-term quarterly chart, we are looking at a decade-long breakout to all-time highs. In other words, the news was an excuse to take the stock where it was going anyway, just more quickly.
Either way, I am proud of the 12631 members who took this trade and are profiting handsomely even in an erratic tape. Then again, I did not just keep the idea reserved for subscribers, as I presented it to you many times in this tab. Any way you slice it, we all have trades that work well for us, and those that do not. What is more unflappable than that is the fact that inside 12631 we have the best community and chat room for traders, anywhere in the world.
And you take that to the bank along with your profits in BIIB.
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Congrats!
You killed it.
Great trade chess. Please post hot pussy pictures.
Great call, Chess. Thanks.
Btw, chess here’s further evidence that the market already expected these results out of Biogen’s BG-12, and the chart was the guide to this trade – Teva shares hardly flinched in response to this news. Their shares were already crushed and the market pretty much assumed BG-12 is off to the races after seeing its previous results.
Job well done!