Fly Buy: $SGEN

I added SGEN to my roster of future winnings.

TSN upped its bid for HSH to $63, making this takeover attempt one for the ages. MRK acquired IDIX for an absurd 240% premium and ADI bought HITT for a very rich premium. As long as interest rates are low, expect to see more of these types of deals, companies making acquisitions to fuel growth. The futures aren’t moving much, but I think this IDIX deal is a huge one for the biotech space.

Look for similar companies to get bid up in biotech, specifically those who treat hepatitis C. Doing a quick company profile search, I see ACHN, ENTA, ARRY, BLRX, CNAT, NNVC, MDGN, INO, GALT, ENZN, VRTX, SCYX, SCLN, RGLS all have hep c in their profiles. Look for some of them to make some massive moves to the upside today.

It’s also worth noting that Seth Klarman’s Baupost Group owned more than 30% of IDIX. Other biotech stocks in his reported holdings are THRX, KERX and KIN.

We are a bit over-stretched to the upside. I expect a minor pullback today, followed by more of the same frantic to the upside buying tomorrow. Either way, M&A is in full swing and the bears are eating their own feces now.

Oh, by the way, Carl ‘give me three seats on your goddamn board’ Icahn took a 9.4% stake in FDO.

1 week

Computer peripherals +7.8%

FTNT

ZBRA

EFII

Aluminum +7.4%

AA

CENX

KALU

Silver +7.4%

MVG

PAAS

FSM

Hospitals +6.4%

LPNT

SEM

AMSG

Industrial Equipment and Components +6.2%

SNHY

EMR

PH

2 Week

General Contractors +9.03%

CBI

EME

ABGB

Airlines +8.4%

AAL

UAL

DAL

Pollution and Treatment controls +7.9%

DCI

CECE

MFRI

Computer Peripherals +7.7%

see above

Medical Laboratories and Research +7.4%

RDNT

IRWD

GHDX

1 mo

Home Healthcare +17.9%

GTIV

AMED

LHCG

Long term care facilities +16.8%

KND

CSU

DVCR

Airlines +15.2%

see above

Hospitals +14.2%

see above

Data Storage devices +13.6%

WDC

STX

VMEM

I got a few names for you. There are so many options in The PPT, I doubt many have every fully grasped its capabilities.

This screen is a personal favorite. It looks for stocks that are within 1% of intra-day highs, up more than 2% for the session, average daily volume of 500K, and with 10%+ of the float sold short. In other words, here are some heavily shorted, liquid, stocks that closed near the highs of the day on Friday, into strength.

KOG
COTY
XOMA
KING
NAVB
MDR
IDIX
ENT
VRNG
CDNS

The very essence of a short squeeze relies upon relentless strength in a heavily shorted name, forcing bears to cover, out of fear of realizing substantial losses. During periods of irrational upticks, like now, I’ve found short squeeze plays to be the easiest places to make short term gains.

People belonging to your bloodline decided to vacation and go for a swim at Omaha Beach, France. Fast forward to today, you stupid shits are shorting the biggest, baddest, bull market the world has ever seen.

Somethings never change.

https://www.youtube.com/watch?v=OZJMtJtrsnE

I started a position in GIMO.

Target: $21.

TEDU snapping nuts off.

My sales from yesterday did not hurt me in the least. I speak to you today a victorious man, one who triumphs over the augured skulls of his enemies, as if they were the devil’s children themselves. I admit to harboring an unfiltered, unvarnished, hatred of sorts towards the people who’ve tried, repeatedly, to knock me down. My enemies have stormed the gates thousands of times and have always received the sharper end of my spear. In the end, everyone gets what they deserve.

On this glorious day of our lord, June the 6th, 2014, all of the bears, men of unreasonable countenance, are receiving “The Black Flag” of total annihilation.

This was supposed to be a milquetoast summer. However, it’s turning out to be a rather hot one, if I might be so bold, indeud.

I’d wish you good luck; but you wouldn’t know what to do with it anyway. The only course of action available to you now, oddly enough, is capitulation. The margin clerks are eyeballing your equity levels and notice that your positions are concentrated. Very soon, they will up your requirements, forcing you into liquidation or to ante up cash to fill the gaps–no different from idly tossing bags of money into flaming barrels of garbage.

As for me, a mere servant of the trends, a man with humble beginnings and a magnanimous ending (time machine), I’ve super-sized TEDU, started AEGR and another stock–soon to be announced here, on this very day.

Cash levels have been reduced to 15%. You bitches are gonna learn today.

Biotech stock down huge, but CEO is buying large blocks of stock–regularly.

I started a position in this today.

I super-sized my TEDU position.

Price target: $11