I’m talking a lot of shit here — because I’m in the process of taking some big dicked trades now — betting on a continuation of the hypo-rally in biotech. That’s right, big ball’d run happening now and you’d be remiss to ignore it.
Dozens of drug stocks are up double digits the past week. Why? Because the biotechs are the ultimate black box trade — the ephemeral dream that doesn’t require annoying earnings or even revenues. It is the American dream personified — the concept and the idealism wrapped up into a security to be trades by spoiled investors looking to press the envelope into the New Year’s.
Do you understand what you’re getting into?
Buying biotechs here is no different from taking a spin on the roulette wheel. Either way you slice it, 666 is the bottom line. Do not follow me into these trades if you value money. Since I’ve always been fortunate enough to make a lot of it, I have little regard for it in my trading account and it is because of this carelessness that I am emboldened to take big risks when the occasion arises.
Higher prices ahead. Fuck off.If you enjoy the content at iBankCoin, please follow us on Twitter