I booked positions in $QQQ, $EBIO, $SINA and $QRVO this morning. In the process of buying $ORIG, $TWTR, $SOHU, $EXPE, and $CHK. Probably going to take the loss in $MTCH here because it trades like ass.
In After Hours with Option Addict we’re going to hit the biotech sector today. The group is poised to breakout and has been strong since we analyzed the start of this rotation back on the last week of April.
Here’s my sentiment chart I posted back then:
Grab your top picks and let’s find some stocks to trade there.
OA
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PANW punishing those who shorted into the hole last Friday
OPK looking interesting here. Clear sailing above $11.20
Wouldn’t want to chase here but $NVAX still my top pick on a pullback.
$YELP and $AMSG for me today.
Got pocket change? $HH Love the look. Bot some time ago for the long haul. I like Olathe, KS too:)
$cmcm caught my eye, $fti is on my radar for a reversal
Anik, Xon
$LVS
Maybe LGND
FOLD
GILD
Was looking at it here and thinking maybe picking up some for IRA.
Xon, fold, agn, biib, nbix
Gnca
PACB, PGNX, BRKR (not technically biotech)
XBIT – long term spec. Smart money.
HUBS above $53 starts to get real interesting
$CLF calls (June), $LNKD, $OGXI, $OPGN, very small position in $RLYP from mid-teens.
Great call w the IBB chart and still looks to be ton of upside left. I don’t have a big position there but I have taken cues from IBB/ IWM for my now large portion of SPY longs.
INSY
ROST, JWN. Lets go retail
ROST looks especially tasty
$GBT
OA- not sure if you might have covered this in your after hours bio discussion, but any thoughts on ILMN for a long trade ?
TTNP? been watching this for a week, they got a pop and it’s been steadily going down since then.
broke the string of outflows from equities, but only $1.2B inflows. Outflows from mutual funds continue to the tune of $4.9B Average Joe still isn’t on this train.
http://finance.yahoo.com/news/equities-attract-1-5-billion-110323083.html
Any JDST takers this morning?
Summer rate hike is off the table with those abysmal job numbers. It’s all about the price of gasoline going forward…that being said, $50 will likely be the top of the range in crude for the foreseeable future.
I put some money to work after the report. Bot CHK, OGXI and RLYP shares. Top large cap biotech idea: CELG.
Hoping for a call from the margin desk this afternoon to tell me the YOLO weekly FIT 15 weekly calls are now in the money and I need to sell or pony up more $$ to pay for shares.
GLTA — off to the lake.
Looks similar to the oct 2 NFP day when the Yen nosedived, stocks dropped for ~1 hour then drove higher rest of the day…not saying it will happen here, but something to consider.
YELP still looking good, TWTR was looking awesome…
Everytime we talk breakout for biotech, it ends up failing. Ok. Just kidding buy the dip
You forgot oil…
Haha. Add gold too
If $expe can slow down I’ll jump in
I just bought.
I got in too. Is the selling in $NMBL a little too fast by your eye?
No, not too bad. No volume either.
Bought some QQQ 110 calls for a yolo @ .12
Also took a swing at some AAPL 99 calls at .03…figured it was worth a shot of we got a huge reversal
It’s looking great!
bought FOLD, NBIX and XON
Looks like the dollar is going to drive today’s market action completely
specifically, it looks like until USD/JPY finds a bottom, we are not going to get an traction
+1
Fins are fucking torched
https://www.sec.gov/Archives/edgar/data/1263508/000114420416102596/xslForm13F_X01/infotable.xml
Baker Bros Holdings. Some of their large positions are interesting names
I also like looking at perceptive advisor holdings
I’m confused by your tactics
Perceptive advisors. What’s difficult about that? Gives some good idea from top biotech investor
Sleepy here today….
Sold $EBIO @ 2.33 avg, added to $LNKD calls for june and bot some more $OGXI