Plainly and simply, biotech is where the money is flowing.
Why?
Because in a slow growth environment, high growth can always be had in the business of death. Look at the oil barrel sector: getting lit up in the face of a flamboyantly proud rally. We are seeing a divergence between crazed faced oil stocks and everything else. The energy trade, for now, is in the ‘fag box‘. Look at SLCA, EMES, FMSA and HCLP; they’re trading as if it was the end of the world. Surely there is opportunity to be had in this wanton liquidation, no? I’d love to muster the courage to triple my SLCA position here. But I already have big positions in both TRN and CLR.
No, I am convinced the path to prosperity is through drugs. The only issue with the drug stocks is valuation. So many of them are up 20-50% in recent months. One that I am long, which is still reasonably prized, is JAZZ. People are sleeping on this one (pun intended).
In summary, oil focused hedge funds are being dismantled and tossed into the meat grinder. Everything else seems A-okay–for now.
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Will you be dumping your SLCA & CLR here? Oil is either really cheap here, or really, really expensive, given some historical lows.
Did he stutter?
No way.
yeah, hell, even people’s pets are on drugs now (pain/steroids/thyroid) Better living through chemistry.
Dr. Fly – speaking of drugs, you haven’t mentioned the livered variety in a while… Do any interest you?
TWD and BED are selling marihuana to Canadians under their socialist Health Canada system.
And there’s always GWPH
GWPH scares me. Their drugs is a fraud.
That’s news to me. A fraud?
“Herb is the healing of the nation.”
– Sir Robert Marley
What do you make of INSY?
Canada’s medicare does not pay for drugs unless you are on income assistance.
Besides, weed is practically legal so why bother with the licenced producers. Vancouver is full of stores that openly sell weed to anyone who asks. They have big flashing neon signs out front advertising “WEED”. Kind of surreal actually.
When asked about them, the police chief just shrugged and said they only bother with them if someone complains.
What do you think CLDX. Looks ready to pop. AVNR nothing but air above
CLDX is good. Also LGND.
Got so many on my bio watchlist. 35 so far.Almost ready to say screw it and buy FBT. Equal dollar weighted ETF with tons of smaller names.
Monster rally, monster gains, provided one is not into oil, gas, gold, silver…
Odd to see TRN in the green in spite of oil getting sold off. Oh yeah, it must be because they absolutely crushed their earnings, and trading at a level that would make Buffett even blush.
Anyone have an opinion on $NQ?
$ONCY tearing it up last two days