I’ve been battling flu-like symptoms all weekend, but it looks like I’m not alone as President Obama declares Swine Flu a national emergency.
Despite blood in the street today, there were a few flu plays that paid dividends. One of which was Sinovac Biotech Ltd. [[SVA]] , and I’m looking to buy strength in the name tomorrow as I watch for a breakout:
Now on the other side of the coin, I have found what I believe to be a golden short opportunity. Take a look at this beauty, Ruby Tuesday, Inc. [[RT]] . The stock is a ticking time bomb waiting to drop as this beautiful bear flag develops. I will be shorting/buying puts on further weakness:
I really like the looks of the RT chart, but it seems like the options on this thing are pretty thinly traded. Will you still use options with that little of volume?
$1 to $13 (1200%) in 9 months and you think SVA has more room to go? You got to be kidding. Good luck on that one. Anyone who positions into biotech stocks is looking to get their account cut into pieces.
See my comment in Henry Fool’s blog. SVA up on good news today. This is a vaccine company that is profitable and in a great market.