ONCE is up today, after news hit the tape that KITE’s drug didn’t murder one of its test subjects. Naturally, it’s good to see my stocks up. Even GG is higher for the day, which is interesting for a whole other set of reasons.
Although the market is firming and my stocks are up, I do not have the confidence to reallocate funds towards new long positions. I will, however, add to existing position to manage my cost basis, like I did with ONCE on Friday.
Over the past two years, by far the biggest winners have been found in biotech. There have also been some hideous losers too. I am betting that if biotechs can reassert themselves as leaders again, the overall market will follow suit.
For now, my top picks are GG and ONCE.
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Dear Monsieur Fly,
It’s been a long, bright summer. $WMT has dimmed their too bright lights but I fear it’s too little and not soon enough.
Is there any hope for a lowly vampyr beet yearning to dig up and out from beneath the $WMT sludge so as to glimpse the night sky.
yours truly,
M. Vampyr ?b?t
You seem to be almost done whining…..if this is correct then we look forward to sage advice on where to place our piles of money.
Mostly whining about the light! Too much. We need a good few days of clouds around here.
Bloody hell, we must be neighbours, bring me the rain.
https://www.youtube.com/watch?v=GT3_53yh_xg
Thank you for the perspective. ‘~’