Biotech Short Candidates Message Board

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Biotech / Medical : Biotech Short Candidates

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From: tuck	8/28/2017 10:19:02 AM
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JUNO, up 20% in sympathy with KITE, which is being bought out, seems like an obvious trading short for a few bucks. My gut says it retraces half the gain tomorrow. Since my gut is often wrong, I just bought a few puts with JUNO near $37. This is not a long term short candidate, IMO. Though a year behind KITE and NVS, it is possible their first product on the market can be differentiated. They could also win a round in their IP fight against KITE. That said, it looks a little extended in the short run. I'm using September puts and expect to close the position tomorrow. Cheers, Tuck

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