One way is to keep an eye on the Twitter feeds of frequent biotech buyers and traders, and to periodically search Twitter for references to Baker brothers, Felix Baker and Julian Baker. That's how I found out fairly quickly some time ago that they opened a position in Mast Therapeutics (MSTX) and later added to it. Based solely on that, I also opened a position in MSTX. Full disclosure - this is essentially a penny stock (now trading at 49 cents a share) and it is an extremely risky investment. But I figure if they're taking a chance on it, I will, too.
Thanks pipelight, you reaffirmed what I do; but I want to know their moves earlier. Its a mix of art and science. My example is PCYC, which I put aggressive limit orders that never got filled and watched it rise from ~30's to finally bought 200sh at 83 which I still hold. They were in at a ridiculously low price; I want that for their future winners. Are you aware of any forum where they discuss BB activity?
I check this page every day to see what they do.... I also watch on some a certain way. Hard to explain, They are always buying a couple months before posting it. So you are always going to be 2 months behind them. Once it hits the SEC listing page it is reported and almost all go up right away. I try to look at that as the public move and will wait "if it is a newer stock, has a trial in a couple months, etc. to buy. I dont want to pay what everyone else is.
Like AVNR... THey vbought at 3.50 I think. It went to 5 but pull back to 4, I then bought. Of course it ended at 17... That ios a SOMEWHAT example. Numbers not perfect. Sometime, depending on stock, you have to buy right away. You should always do the homework too. They bought a load of CPRX, I should have too at 2.70. Now over 4 and may still go way up. But I will stay away because I was late.
SGEN, I bought right away because it has been around a while... Hope that helps..
I would appreciate if anyone has developed this strategy and is willing to share. Particularly, how to get info on the latest moves as soon as possible. I recently got into BLCM @ ~22 after seeing the large initial block that they bought, but got in after the initial BB induced buying and would like to get in earlier.
Well we're both up so that's a good thing. I play BABA the same way. Sold all my REITS but that ride went on forever. There is nowhere else to put your money for any return interest wise, so I just daytrade and get out quick. I only buy a min. of 1000 shares each time so 50 cents in 1 hr. gets the job done. Been trading on my own since 1987. I love it.
I know you have succeeded in "milking this cow" with short term gains, and kudos to that. I have frequently been tempted to do just that. I have held since 2008 @ 11-14 $ sh and have added over these years, made plenty of paper profits. I guess we both will make money; it does not bother me that your strategy makes more than mine. I am at a stage in my career that I cannot watch constantly, to time the moves. At least we both agree that this puppy is going much higher within a year.
Excuse me but that would be over $7.00 a share from their low purchase; and yes they would take some off the table. I will buy this again several times inbetween. You or I do not know for sure what this stock is going to do. It's all speculation and still sports a negative EPS although I think this should turn around by the end of the year. Until then, I'll take some more profits.
They are not interested in making 1-2 $ /sh. They do not have a history of turning around shares that way. I did not give a thumbs down, but I do not agree.
For a while I have noticed a well orchestrated effort to accumulate SGEN while keeping the share price low.
This is the modus operendi: Drift SP lower, at low volume and then take advantage of the lower price to accumulate more shares than what was used (sold) to bring the price lower. Typically as bullsrunsoon mentioned, at a higher volume, strong run-up.
Interestingly this late, strong rally happened to some of my biotech holding but did not to others. My take:- I will add more to those that did, because deep pockets are acumulating them stealthily.
I know-I just sold again. Love to day trade this as I have posted several times but RED thinks I have several names. Not true, I just like to make money. Thanks ccsub1
But many other companies are working hard on new drugs for HL so it probably won't continue to be our market long term.
OTOH; Success against HL will probably depend on combinations of therapies, ours among them.