biotech sector is going to roar today
thanks to biogen good trial drug data
Biotech was dead for 10 years and now all of a sudden everyone is knee deep in biotech shares. The hedge fund managers never used to play this sector and now all of them are long biotech. This is just one huge momentum trade. I made a profit from the recent mini crash, so no sour grapes here. Will revisit later for the next leg down. Biotechs are ticking time bombs.
It's not a safe haven, it's a great investment that carries volatility along with it. There is nothing overvalued about the big biotechs. I know that you know how to read fundamentals and for the big biotechs they are excellent. If you want to try to promote your bubble agenda get to it but it you should acknowledge that these companies are just killing it right now.
Just emerged from Forward Pharma. It will be a battle. Likely they cut a deal with Forward that gives Forward significant royalties on Tecfidera's $2.9B in sales, or they potentially lose IP protection on their blockbuster. Not good either way.
Do anyone knows here when BIIB will come with fresh news on Alzheimer's drug on clinical ? thanks..
Sentiment: Strong Buy
Believe me this is addressed in board meetings. Eventually it will happen but I don't see it until BIIB crosses through the 500 and sustains it for a little while. Also believe they would go 5:1 or even as high as 7:1.
Its going to be interesting what they have to say about the Alzheimers results at the conference. Its unusual to piggy back like this off of strong results. I can only see more positive data being disclosed as a way to help promote the treatment.
Place your long positions now, ahead of BOTH, Biogen's presentation at the
American Academy of Neurology (AAN) Annual Meeting in Washington D.C., April 18 – 25, 2015 AND earnings report on 4/24/15.
They will most likely provide updated data.
Don't be a bystander.
Closed at $425.65 on Friday and now the asking price in pre-market is $512.90. Oh my GOD it is going to open sharply sharply higher. Time to buy more or buy a Mutual Fund with BIIB as a major holding. WOW!
Sentiment: Strong Buy