iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,850 Blog Posts

Early Morning Thoughts on Biotech

They’re like little tiny time bombs, waiting to blow your arms and legs off.

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41 comments

  1. Michelle B

    While NBIX holders are feeling mucho pain, RIGL holders are ecstatic.

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  2. Juice

    is COST a buy around 65 ?

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  3. Mr. LIMM

    Let me consult my “Good Night Moon” text for that answer, Bruce…

    Hmmmmmm….

    Ah, here it is:

    There was a comb and a brush,

    And a bowl full of mush,

    And a quiet old lady whispering “hush!”

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  4. Juice

    I’ll take that as a ‘back up the truck’ !

    thx Jake

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  5. Bison Burger

    I love NSTK. Made me some mad money. Booyah!

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  6. larry

    BPOE MARKET ALERT: breakdown

    We are in a Turd Hustler Market. 1. Buy extra toilet paper for the next seven weeks. 2. Put on your best Summer shorts and a pair of Crocs. The Crocs are in case you get Turd on your feet before you go home. They are very easy to clean. 3. Eat Uncle Bens rice until Jan. 31st at 2:15ET. This is for good luck!!!
    NOTICE: If you are a [Chuck Wagon] person. You don’t have to buy toilet paper. Change your cloths or eat rice. Just call a broker from a pay phone. Tell the broker to buy some good ultra short ETF’s. Then pick some Turd Blossoms for good luck!!!

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  7. JakeGrinch

    Larry sounds a lot like Gapster.

    _________________

    I’m not a big fan of biotech these days, but I do own some AMGN in the long term port.

    I’m astounded it’s below $50. WTF, have all their patents been declared worthless?

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  8. JakeGrinch

    Bruce —

    Ominous warning GNM alert.

    After your last post I randomly opened a page and “Goodnight nobody” came up!

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  9. TraderCaddy

    AMGN would be a good buyout for one of the hopeless big pharmas like PFE.

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  10. JakeGrinch

    I’m sorry, but any company that calls itself “Nastech” — I don’t care if they have the cure for bone cancer — deserves to have all its patents nationalized by the Romanian government.

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  11. Juice

    You must have been short NSTK? Actually, I bought that turd a couple days ago.

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  12. Bison Burger

    I shorted the day it gapped down. Jew boy been pimpin’/pumpin’ it.

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  13. Bison Burger

    Are they done cuttin’ now? We got good retail numbers and an inflationary PPI.

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  14. Leawoodblues

    For a list of biotech investments, please see webster’s definition of “trades gone bad”.

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  15. Bison Burger

    SCA is certified dead.

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  16. House of Harkonnen
    House of Harkonnen

    Follow CSCO – it controls the Spice

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  17. JakeGrinch

    House of Harkonnen — hilarity.

    Where’s Duke Leto when we need him?

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  18. JakeGrinch

    Bruce —

    No, not short Nastech, just appalled by the idiocy of that name.

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  19. kmorph

    MVIS is showing signes of life.

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  20. Bison Burger

    Santa lives, and he’s a bear.

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  21. Folding Time Worm

    I am going back to yesterday and shorting COST

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  22. JakeGrinch

    BLDR has got to be buyout bait here.

    Same with ADCT.

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  23. Bison Burger

    I’ve done well this year shorting the N-words from Novastar to Nastech. Just shorted NWK at open.

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  24. gappingandyapping

    Holly shit FXP on fire today, thanks for the hat tip broker, I picked some up yesterday.

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  25. JakeGrinch

    Looks like all of LAZarus’s mergers and acquisitions patents have been declared invalid.

    Word is “there’s ‘prior art’.”

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  26. JakeGrinch

    Gap — was that you as “larry” above… or is that guy just knocking off your rant style?

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  27. REIT stud

    SFI as a trade into divi ex-date.

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  28. ASSHAT DIP BUYER

    HEY SHORTS—

    Is this really the best you can muster?

    Pretty piss-poor is you ask me with futures portending fullbolwn apocalypse.

    If your assjacks can’t mount a better effort than this, you half to know what’s coming next, don’t you?

    Do I hear the sound of tinkling bells in the distanse?

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  29. Bison Burger

    Going long and short is the way to win. Sometimes you have to let the dogs run. Like FSLR and AAPL.

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  30. ASSHAT DIP BUYER

    Where’s Devil Dog-Dick when you need him.

    At least he had a little mauxie!

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  31. Snoopdog

    Asshat Dip –

    which dialect of ebonics is that?

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  32. gappingandyapping

    Jake: Wasn’t me, I don’t hide my identity. You can see me in person daily harassing traders at the Merc. I will be there today eating at the restaurant.

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  33. REIT Stud

    never mind SFI – floating stock
    no rebound trade

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  34. Juju bear

    With all the grief JJ has gotten for SWC, anybody think it is a short candidate here at $10?

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  35. JakeGrinch

    Asshat dip… it’s possible this is your first taste of bear.

    The meat is greasy and unlike that of it’s taurean counterpart.

    Greasily, it allows asshat dip buyers to think “phew, that was a close one,” before lodging itself in your lower alimentary tract and causing Crone’s Syndrome-like pain to your portfolio for years to come.

    Let the dip buyer beware.

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  36. Dinosaur Trader

    The “JJ fade trade” long FSLR, short SWC is working beautifully again today.

    JJ, any other picks? Oh wait… PAL. Wow, looks like a cliff!

    -DT

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  37. TraderCaddy

    Watching Homebuilders for a daytrade- TOL,LEN,KBH,RYL

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  38. JJ

    I’m playing “loaded handgun toss” today

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  39. Juju bear

    JJ, one word of advice: Catch it with the barrel pointing toward you.

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  40. KC Trader

    SNY is a still with this pullback in the sector. SNY will break out in the next week or so up to the 58$ range. The fundamentals are just too good in the company. This is a great long term buy.

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