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Strategies & Market Trends : biotech day trade strategies

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To: scaram(o)uche who wrote ()10/17/1996 9:00:00 AM
From: Allan Harris   of 20
 
Rick,

Let me throw this one on the table. This sector seems to move nicely as a sector, almost regardless of quality of the individual issues. Why not use technical analysis to jump into this sector when it turns UP, for the ride UP, then jump off as momentum falters or upon a good intermediate SELL signal?

This can be done with at-the-money BTK calls, about two months out.

If effective (as my backtesting shows it is), there is no reason to buy any biotech stocks or stories.

Allan

"He's only in it for the money."
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