For the believers in NPSP who know that this is headed to $45+, I'm curious what biotech pick you would put up as second or third choice to this? Mine right now would have to be either KERX or RMTI. Possibly PCYC. I own all of them. Anyone believe in NLNK?
I have RMTI and NPSP oJust recently bought NSPR on a dump during the shutdown I really like this one. APPY has been good. Atrs looking nice with FDA approval and hasn't popped just yet..
I think TKMR has a lot of potential, given the low market cap and the solid public placement. Then I like a lot INCY (deep pipeline), GERN (although it has tripled already), and CLDX, which has come down from its highs. Another one I like is STML, which is about to get a pivoltal study going.
My second best bet is RMTI, third one is SRPT. KERX is too risky given the patent concerns. NLNK seems like an old story. There is a nice bear story about it at Motley Fool.
Sentiment: Strong Buy
On October 14, I posted, “ last week I sold my considerable position in NPSP, to lock in a large profit, and replaced the stock with November 16 options.” Options offered two advantages:
1- Protecting against a choppy market. Even after today’s impressive 8.63% rebound, NPSP is still 13% lower than the $ 34.98 October 7 close.
2- The leveraged options value has increased more than the underlying stock today.
I also indicated that, “ Based on the charts, I will re-enter the stock at four different price levels between $ 22 and $ 27…….. The strategy changes if the broader market, and IBB decisively rebound, precipitated by a resolution to the debt/budget crisis. “
Where do we go from here? We know the following: External events were a major contributor to NPSP’s 20+% correction; The next known catalyst, is the November 4 earnings report. The question to be resolved, is today’s large pop a one day relief rally or will it continue through November 4. The movement and trading volume of NPSP, the IBB ETF, and S&P Thursday and Friday will provide the answer. Three consecutive days in either direction, usually confirms a rally or correction.
Some other high beta biotech’s rallying today to watch: REGN, up 5.8%, EXAS, up 5.7%, ARRY, up 4.97%, SRPT up 4.63%.
hey eyesandears (aka WINBAG) you are constantly REPEATING your self - and who really gives a damn what you do, no one! you will never see 27pps or below again. so keep dreaming gomer.