The Biotech Trader Lounge

[gambler2075]

I haven't looked at the numbers recently, but these biotechs with one main product get crushed if the FDA rejects them. Plus they were slammed by some biotech bloggers recently... all I would care about on this possible bounce would be buying at 3.39 and selling at like 3.59 later today for a 5-6% bounce.

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I'd sell at 3.59, target hit.

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[KTP]

Sold my remaining 90 calls at $4.30 to $4.40.

Made a bit over $6000 total on this "over the weekend trade", so quite happy.

Sitting back on my $66,000 now and waiting for Greece to default.

[gambler2075]

Sold my remaining 90 calls at $4.30 to $4.40.

Made a bit over $6000 total on this "over the weekend trade", so quite happy.

Sitting back on my $66,000 now and waiting for Greece to default.

Nicely done!
on a side note, I hate PTIE, which is at 3.75 now... argh.

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[KTP]

Nicely done!
on a side note, I hate PTIE, which is at 3.75 now... argh.

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Thanks!

Wait...you didn't get into PTIE at $3.39? Always go with your gut feeling Gambler!

[gambler2075]

Thanks!

Wait...you didn't get into PTIE at $3.39? Always go with your gut feeling Gambler!

Well, ya know, I figured I'd let everyone else have a chance

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[KTP]

Well, ya know, I figured I'd let everyone else have a chance

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Suggest you not look at the price of PTIE this morning

($4.10+)

[KTP]

As normal, I saw a opportunity to make some money on microsoft but took profits a bit early

Options that I sold yesterday for $4.10 to $4.40 now trading at $4.60. Oh well, what is another $5000...just more taxes to pay.

[Slug]

Hey at least you weren't the sucker who bought my AFFY $7 calls today :-)

[gambler2075]

i am a huge bagholder in cvm -_-

AF published an article about CVM today... Not to be Mr. Wet Blanket here but I have followed CVM for many years and they have never impressed me. Lots of fluffy-sounding PR's imo.

Biotech Data Mining Comes Up Empty - TheStreet

BTW, for biotech traders, the 'Biotech Values' website is a resource I find useful.

Biotech Values Message Board - InvestorsHub
Streaming Realtime Quotes, Pink Sheets Level 2, OTCBB Level 2

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[gambler2075]

Watching PRAN for bounce some day, 1.75 now. Also SVNT at 6.69.

Still watching PRAN, 1.81 now. SVNT now at 7.03

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[gambler2075]

UPS guy just brought the book "How to Make Money in Biotech Stocks", written by the Biorunup guys...

biotechguides.com: About The Book How to Make Money in Biotech Stocks

I was pretty sure I knew all the techniques in the book, and I was right. Still, for 30$ it was important for me to know what strategies they are teaching biotech noobs so I could know which of my strategies were still not public, so I guess it was worth it.

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[gambler2075]

Hmm.. not liking OXGN here at 2.46, would take a small loss of 1% and sell. We'll see, it probably goes to like 3.25 in a week, hehe

OXGN moving now, 2.80... lol

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[gambler2075]

The macro trader I know is starting to go short the market... he is starting to buy TZA at 35.5 (partial position) after buying TNA at 68 and selling at 79...

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[gambler2075]

Watching PRAN for bounce some day, 1.75 now. Also SVNT at 6.69.

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I'd take profits on SVNT if you bought some, 7.23 now, 7-8% in a few days isn't bad. Prolly goes to like 8 or something ridiculous, lol.

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[KTP]

The macro trader I know is starting to go short the market... he is starting to buy TZA at 35.5 (partial position) after buying TNA at 68 and selling at 79...

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I am not bold enough to go short on the market, but I am sitting on over $150,000 cash for a few more days. I do feel like I am getting itchy though....Greece just seems to keep hanging in there....come on, either default and let me buy some cheap stocks, or sell the Parthenon to China and get out of debt so we can get some normal markets.