This week and next, I’m running a daily scan looking for liquid biotech names and buying the weakest name in the group. Today $OPK was the biggest decline (on all stocks with at least 300k avg volume).
I’ll do this daily til $IBB hits $330.
After Hours with Option Addict crew, I had something come up today and won’t be able to meet. Will be on for tomorrow though, we’ll put together next weeks watchlist.
OA
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$OPK I watch this stock like a hawk. Dr Frost buys it almost everyday. Don’t like the weekly chart, but in this for a trade.
I’m watching and waiting for it to pass 7.20 then I might bite
Good Luck! Past 7.10 should see a push, imo.
$AAPL yolo
Nogo Yolo:(
“I’ll do this daily til $IBB hits $330.”
So…till tomorrow?
If the sector can break out, gotta like the prospects of some of these pending breakouts.
$IPXL shorter term, $GHDX longer term. Also liking $CHRS for a gap fill.
No confidence in ONVO anymore? I know you said you sold, but still coiled up and trades in the IBB.
Looks like as good a spot as any to buy imo. On support weekly, why not?
$ONVO bot some of that this a.m.
$GLUU Love the weekly chart. Long here.
Bot EIGR, CHRS, and SMMT today. Street 12-mo target price estimates are 359%, 136% and 126% upside from here, respectively. The move in biotech and healthcare is still in the early stages.
8 comments all day. i wonder if it’s just that this rotation features names that are foreign to most of the less experienced traders? They love the burritos and the social media tech.
@OA Thoughts on ACHN?
Wouldn’t mind watching.
$OPK As is his habit, Dr Frost, CEO/Chairman purchases another $880K worth. Total holdings?……163,500+ shares. Now that’s commitment!
Make that exactly 163,524,143 shares
$HYG May be time to reshort.
Finger on the trigger:)
Monday, hate buying options on Friday.
Bot ’em
$GLUU reaching for fresh air! We’ll see
$OPK Call buying in August 8’s 938 times
BMRN? Down > 10% from recent highs