agreed my trading gut is that they're going to RIP this higher any day and we'll be at a new base above 10 forever. remember the float is tiny and pretty much accounted for. the 9% short position is more then likely a outside the box hedge. i dont believe we will see 6's again. to many buyers lined up down there. the spread today was .17 all day and higher mid morning. gamesmanship for sure
i'm expecting a nice move up going into 2017 ! adult data will help , as the unveiling of new drug and the march towards kids 3rd trial data and approval. its my top pick in bio land for what thats worth. be blessed
consolidation again . yet it is making a nice triple bottom. take what u can get in this market. patience will be rewarded. trading 40mm above cash. this will get taken out . at least a 5 bagger. unless thier secret drug is a dazzler ? could be ! why all the secrecy. anyway, first to market advantage , cash, and data . hold on going to get there. blessings my brothers.
Bio's taking a breather. nice run. need to fill some gaps. before next leg up. expecting some increase in volatility in coming weeks. want to add here but will wait patiently for it to come to me. not chasing any risk here.
Nice action lately. Nice to see dips being bought. Yet, I expect more exaggerated swings going forward. Wouldn't be surprised to see a bear raid going into May on all risk assets. Even though we are de-risked to a certain level mid 2017 gives MM lots of rope to play with.
Rosetta: you still long ACAD ?
PS: If you ever make it down to CABO SAN LUCAS. I would love for you to join me for a free surf lesson, tacos and church. I don't know you brother. But, I admire your character !