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
23,441 Blog Posts

Markets Diverge — Virus Stocks Break Out Again

If you’re not trading biotech, you’re wasting time, and of course money. I sold BNTX this morning after a morning pop for +18.9%. But that enthusiasm was met with losses of 10% and 7.3% in INO and BLNK. I didn’t have many stocks heading into today — because if the recent trends, so I am much more reliant on intra-day rippers.

I bought 3 new stocks this morning, with a hankering for more, but I needed to update this blog.

The Dow is -150, Nasdaq +60.

Big gains in oil and decent pick up in tech, which has been struggling. But the main body of stocks I am focused on is in biotech, since COVID-19 is worse than ever and school is a major concern now and we all need a really effective and fast vaccine, that no one will take, before the school season begins.

Hence, and this goes without saying, we’re all looking for the next one to go.

UPDATE: I sold IMRN for +46.5%, 20 min trade.

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4 comments

  1. roguewave

    BTC and my gamers are coiling but my legal and contract review plays continue hurtling toward no man’s land.

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    • roguewave

      Remember BTC’s gains have been all in 10 days each year. If you’re out those days; you’re SOL.

      These guys and later Defi will punch the lights out of most of the financial guys.
      They won’t even see it coming. Poor Jamie D.
      Venmo was created after the fact, in reaction to crypto

      You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
      R. Buckminster Fuller

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