I posted something similar for DaveC a few weeks ago but here goes... these are short/long term gains/losses based upon todays closing prices
SPY - 1m +0.88%, 3m +6.36%, 6m +3.06%, 1yr +10.05%, 5yr +76.87%
DIA - 1m +1.87%, 3m +6.67%, 6m +4.16%, 1yr +7.34%, 5yr+66.09%
IBB - 1m +2.93%, 3m +20.1%, 6m +22.71%, 1yr +31.96%, 5yr +276.32%
XBI - 1m +7.73%, 3m +35.21%, 6m +34.57%, 1yr +28.85%, 5yr +255.4%
AAPL - 1m -0.44%, 3m +8.46%, 6m +14.73%, 1yr +43.5%, 5yr +260.8%
MU - 1m -6.88%, 3m +13.92%, 6m -3.48%, 1yr +33.52%, 5yr +185.21%
KERX - 1m -1.37%, 3m -4.54%, 6m -3.64%, 1yr +2.29%, 5yr +400% (yes... exactly 400%)
ACAD - 1m +5.29%, 3m +46.36%, 6m +53.59%, 1yr +41.93%, 5yr +2278.46% (WOW!!!)
so... for a long term investment you have to be a great stock picker, very patient or pick an ETF and buy/sell the dips. fwiw... in my IRA I bought and sold dips in XBI & IBB 14 times last year (yes I had to go back and look) so my gains were actually better than what's shown above. I also played BIS during reversals but with no where near the $ I would invest in XBI or IBB... usually 10-20%
SO... as much as I love making incredible returns in biotech I have a feeling we're going to get another correction soon. probably when the energy sector takes off and the tech sector bottoms and takes it's next run. the big ? as always... "is biotech in a bubble?". well... we've been hearing that for over a year now and every time it gets taken to the woodshed it comes back and goes even higher... with a vengeance.
energy will return as a good investment at some point but not until oil hits rock bottom... case in point
(a few of these are for StockA & DaveC)
XLE - 1m +0.19%, 3m -11.24%, 6m -24.62%, 1yr -14.66%, 5yr +22.98%
SCO - 1m +49.92%, 3m +192.93%, 6m 280.17%, 1yr 187.4%, 5yr +62.81%
USO - 1m -20.6%, 3m -45.89%, 6m -53.14%, 1yr -47.53%, 5yr -57.46%
RIG - 1m -5.83%, 3m -46.0%, 6m -63.84%, 1yr -68.04%, 5yr -83.31%
TPLM - 1m +11.58%, 3m -46.14%, 6m -58.85%, 1yr -44.49%, 5yr -21.48%
dude... MU is a hft stock. you either buy it, hold it and forget about it or gtfo.
heck... you'll most likely make more $ on XBI or IBB in a month than you will in a year with MU
kind of the sme way KERX ran from $12-18 before approval?
everyone knows the NDA from ACAD is coming... short interest is still high. what does that tell you? I have a trailing stop set for ACAD... and adjust it daily.
set a trailing stop and start it $2 less than the current bid... if it keeps going up your t/stop will go up with it, if it falls... you'll get $32 at least and you can walk away with your profits. or... you could just sell.
looking at XBI & IBB 3m charts... lots of highs and big jumps/drops I hate to say bio's are due for a correction again but...
I've been telling people Greg would eventually be the CEO for about a year now. Ron did a great job leading the company up to this point and I as other longs greatly appreciate the returns he brought me. Onward we go...
and JPM should make this a good week. sleep well shorts...
you regretting selling those shares yesterday yet?
I wasn't expecting to see $33 there today either... in fairness.