Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

A decision with nothing to lose

BioCryst Pharmaceuticals Rises 20% Pre-Market on China Approval of Peramivir Sodium Chloride Injection

Think about it, the mortality rate of people catching bird flu is high; so by approving Peramivir, China has nothing to lose but everything to gain for $BCRX.

It is a gamble I’m willing to bet; therefore, I added more at open.

What do you see in the daily $BCRX chart below?

I see a rocket ship getting warm up to launch.  No, it hasn’t been launched yet.  If $BCRX’s Peramivir proves to be effective in controlling the outbreak, you won’t see parabolic move, you will see something entirely different.  However, don’t forget the downside risk is there too if Peramivir proves to be ineffective.


I’m thrilled; this bet saves me a trip to Vegas.

My 2 cents

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