The Biotech Trader Lounge

[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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He is now fully short, via TZA at 34.6. We'll see.

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[gambler2075]

Show-off

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p.s. some crazy trading action on AVNR, I gotta do some snooping around to see what happened today.

Edit: Looks like there was a paragraph IV filed, which means that there might be some generic competition trying to enter with Neudexta...

Paragraph IV Patent Certifications

[KTP]

Another bear raid today on Avanir! (AVNR)

lol

That stock gets so much manipulation it is fun to watch. No position in it now, but I did double my money off the options on it recently, so I have some fondness for it as a moneymaker.

I really wonder where it will go long term selling a $20 drug for $5500.

[Slug]

Sold some positions to raise some cash, here's the screenshot on the smaller account.



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Show-off

[gambler2075]

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.

Sold some positions to raise some cash, here's the screenshot on the smaller account.



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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...

g

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.

[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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[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...

g

[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]

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]

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]

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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[Slug]

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

[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.

[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+)