The amount of interest and questions I am getting on this topic (Read: “Should I buy biotech?”) is alarming, fwiw.
Read this:
While we focus on the all frauds and hucksters out there in this space, a la $VRX, there are still companies out there performing miracles in this industry.
After quite a move off the lows in the $IBB, I am seeing a lot more questions pop up about buying back into biotech. I spent a lot of time talking up $CNCR in NYC and in After Hours with Option Addict, specifically the components of it, but today we have an awesome conversation going in in the halls of 12631 about this particular article, but mostly on separating gene therapy stocks from the long list of biotech companies.
Here’s a few:
$ADAP, $ADRO, $BLCM, $BLUE, $CLLS, $JUNO, $KITE, $QURE, $SGMO, $ZIOP $ONCE $CLDN
I just recently booked big positions in $JUNO and $ADRO, and most of these others were on our list from After Hours with Option Addict a few weeks ago. The are trading differently than the overall sector, for the most part…which means they are being treated differently than their peers.
I love the idea of playing this particular theme in biotech. If I were going to play the long side, I have ZERO interest in the ETFs and would prefer to dial down to these stocks.
Have a good weekend,
OA
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Nice call on ZIOP, going for blue now
I absolutely hate drug companies and their poisons, but cannot deny there is some absolute magic out there as well. Sure is easy to match up the IBB to Obama and his promise & delivery of Obamacare. With all of the recent headlines about exchanges failing, I wonder if this has temporarily effected the $IBB sentiment?
Definitely, and its a pretty crowded space to begin with.
Yea, UB – I avoid meds as much as possible (college doesn’t count). Outside of aspirin, most sets you up for a fall so don’t get started at all!
what you think of the Vol by price gap on GRUB? from current levels looks like a move higher if this holds?
Well, this isn’t totally the context I’d like to see. Not as much history here, but the stock has spent the last 3 months at these prices.
LABU for the win, boys. Freaking awesome reversal off this morning lows. Got luck and bought within 1.3% of the low and then added more after the initial 2% bounce. Epic day for biotech. People who short the biotech sector in this market are retards. Biotech is a buy z dip play. Pure and simple. Very nice close for LABU here.
dam. congrats. I was thinking about buying on the dip but didn’t pull the trigger. bought a few individual names today instead.
Gracias amigo. Let’s see some follow through on Monday. Gap and go would be nice.
Can you say BOOOOOOLISH? I knew you could. Check out that tail today
http://finviz.com/quote.ashx?t=LABU
http://finviz.com/quote.ashx?t=bbh&ty=c&ta=1&p=d
On the button kiss before reversal. Onward and upward from here. Raise stops.
Shaggy? $RUT $RUT??
A lot of valuations in biotech have to do with people going risk on hoping that their pile of shit (extra $vrx) gets taken over.
CLLS 65 tgt 12-18 months 300 one day amazing technology!