LCBM another biotech for tomorrow. The 'third tier' biotechs are now starting to move up while the 'second tier' are still exploding (IMMU,GILD, AVGN, MOGN) and the 'first tier' like GLGC, BGEN,ALKS, IMNX,AMGN, MLNM, etc are in downtrends already. Most likely I will not be holding any biotechs through the weekend. I still had one biotech mutual fund but like I expected, it was a relief rally for the 'better biotechs' and I got out while the getting was good. This was a few month hold so I did lose about 40% of the gains, but I had already sold another 3 through the beginning of March and this was the 'best one' but I used this few days of gains to save an even greater loss of 'profit'.. Waiting for them to map the fruit fly genes, I grew restless and wanted to save the 3 digit profit from disintegrating completely.
From today's watch list:
Still bullish on IMCL (reports on Monday looking for $-0.17 from $-0.32),
IMMU, GLGC (but guarded), ALKS, VIRS, CEGE, SEBL.. |
