Back in my accumulation mode of 2015-2016 I happened across $LABU. I picked up a decent sized stock position at a basis of just over $6. After a lot of time gone by, a 1:4 reverse split, and a whole lot of nothing to show for it, the ETF is finally breaking out.
I still own some $PBYI, $ONCE, $GBT as well as some recent $MNK and $GILD calls (this morning).
Like any biotech rally, I’m sure it fizzles and turns to shit like all else…but the action in all these stocks on weekly charts looks like an initiative move. In other words, the start of something rather than the end.
Time will tell. Got any bio on?
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agree, some great setups around… what makes me gay is that everybody seems to notice and advertise it… might fuckn die before it really started… but for the moment stalking ECYT, OVAS, ANTH, ARDX, KDMN and FLKS… will scoop me a nice bowl of bioshit
OVAS, KDMN and FLKS look good. All 3 breaking past first point of resistance.
Happy hunting.
I made an unfortunate trade now investment in ROSG, living thru a surprise 1 for 10 split so it could continue to fall from a higher price. I’m avoiding all BioTech at this point. Total crap shoot, boom and bust if I dare to blink. No thanks.
The days of buy and hold are over. Day trade, with a 20% stop loss if you can afford it. I rarely hold anything past a week if I can help it. Bowel movement not included.
SYN
$CLVS & NBIX
No, but August $HYG puts
Yep, an oversized 401k mutual fund position. I’m quite content with this price action, but wtf do I know.
$MDSO $ABBV
$INVO
$EGRX hands down favorite followed by $ALNY.
Was eyeing ZIOP yesterday but decided to wait. Not chasing it now.
Got into some MDCO and CARA, and continuing to ride the BLUE wave higher.
Tsro
avdl
$CBMX Nice weekly chart. Interesting company.
Oh, low float, high short interest
$HYG breaking below $88
This is how my summer is going, trade wise. Identify stocks for watch list. E.g. $CARA, $TTPH. Don’t take an entry, day later, watch stock break out of range to upside, absolutely ripping.
Closed $HYG puts
?
What were you willing to lose?
Willing to lose premium, but wanted to deploy elsewhere today, so took the gain and moved on. “Elsewhere” is $VRX lotto:)
Let me get this straight, downgrades came out on energy names today, and people are selling these off NOW?
You don’t have to be clairvoyant or intelligent to say $BBG or $JONE will underperform, they’re already in the f’ing toilet.
This energy space is completely jacked and devoid of reality.
So, basically I’m thinking of leaning into it and buying more.
FOLD, NK
Based on reviewing my response to my volatile energy names, today’s the day the last stops get triggered. And we shall bottom. But it doesn’t feel very good to hold on here.
$TSLA might be a good lotto for tomorrow. Closing strong
There goes $TSLA…..w/o me