I traded the dot com bubble and started my career by winning in it. It’s very common for people to refer to a market euphoria as being “dot-comish”. But the truth is, no matter the level of enthusiasm, there hasn’t been a sector that has matched the dot com bubble profile since 2000. Reason being: most of the stocks that are lifting off now do so methodically and are earnings per share positive.
UNTIL NOW.
The biotech or biochem sector is in the middle of a lunatic phase, whereby everything is melting up, frantically and without top hat, and 90%+ of these companies won’t make a dime for another decade. It’s the perfect sector, isn’t it?
Have a look at some recent returns, on a 1 month and daily scale.
ICPT is the new Geocities and there are a few dozen companies like it dying to come public.
Keep in mind, these companies have a proclivity of blowing up by 90% inside of a single session upon receiving heinous news that their drugs do not help anyone, but kill or maim people. Every so often, you will find a real one, like RGEN, and make a bundle. Like the dot com bubble, I intend to play this sector, but not get attached to it and certainly do not get lured into the sexy stories of cures for cancer and baldness.
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Hearing good things about ADHD presentation at the JP Morgan Biotech Conference in SF next week. I’m long shares
of course. Only good things.
eehhe
haha. good point. love the skepticism.
added
can’t recall a single bio/tech presentation i heard sounding not the good thing . really.
yeah so true. they are selling themselves. btw adhd just jumped 2.5%
lot of stocks in the sector jumpin in the 20%+ league today
OXBT trading real time bought yesterday and this morning… real time via ST
TXTR we are rocking boss 🙂
No NBIX (and this is a legit. bio) ?
I believe it’s up about 80% in a month.
I only follow it because I made and lost all of it about 7-8 years ago.
I make it easy on myself, as I am NOT a doctor nor have false pretenses of any sort of knowledge of medicne, so I stay long the Fidelity Select Biotech mutual fund in my 401(k) and I suggest many of you do that to.
i suggest some $eltp ( to double in short/mid term)
told you
I used to love the Fidelity Selects.
1982-1985 or so it was a $25 switch fee and then they went to hourly pricing. They had no short term trading fees and for $25 one could switch $$$$ intraday.
The actual prices lagged the real market about 10-15 minutes so it was like having your one money tree.
I would buy about 10 or 11 AM, goof off, and then sell at 3 or 4PM.
Then they got wise and it was game over.
FBIOX? It was toppy so i bailed in November.
nwbo setting up too ..(imo..)
Retrophin $RTRX is a name that I recommend if you want to play the bio market, they have multiple valuable drugs in their pipeline. Unlike most small cap bio-stocks this is not some scam for the executives to get rich off shareholders.
Anyone ever had 50% of positions breaking out on the same day…. and I have a lot of positions… weird shit…
i hear you .. it seems money is flowin..
i mean , targets seem to been levitated lil higher ,,
$GOGO is really starting to test my patience
Inordinate biotech profits will be taxed away to cover our healthcare deficit.
(biotech future profits depending yet on taxpayers financing obamacare )
Im picking up some GOGO here.
i’ve gone nearly all in in some stupidly ripping under $ breakout biotech, finishing the day around +5% ( touched +8% )
The days off $BWLD.
Hey FuckWads…Fly totally just caught you all preening over BioTech stocks. Sexy nerd girls in lab coats and you are all buyers.
I take it by RGEN you meant REGN, right?
Funny how some of the ones on this list are real turds, but hey, who cares? Let’s make money.