Wouldn't you want to buy INCY while it
is beaten down and out of favor?
short answer...yes
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The biotech folks on SI know I like to
chat it up...so here is some more banter.
I am counting on a market correction
sometime in the next couple years which
will drag down all the widely-held issues,
and Incyte is certainly one of those
compared to the stuff I have...INCY could
move up or down 30% in the next few months,
but the stocks I have could pop anytime,
it sort of like you want to be in cash
waiting for things to get even cheaper,
but you know if you step off the train
it will take off.
Anyway, when the market does correct I'll
send a check off and fill up my taxable account
with things like sepr, incy, chir, mlnm
...all those core biotech-growth positions.
For now I am content to dork around with
the money I made last year trading--and
position my IRA account with the best
bang for the buck I can find/value stocks.
Hopefully somewhere between value and the
landmines that are cheap-for-a-reason, there
are a whole gaggle of ten-bagger stocks worth
owning. It is not too high a price to hand over
$20 to the brokerage each time I change my mind
--the spreads kind of kill you, but I think I
am awfully close to a set of stocks that I
can just walk away from and let cook a couple
years.
ONXX was probably the best swap I made recently.
Remember...I'm 32, I've got plenty of time to
find the right picks, Incyte will be there
tommorrow waiting for me--and I don't think
INCY is supposed to be a good candidate to get
bought out, whereas any of the issues I own
now could get sucked up at anytime for triples.
Forgot one stock from my collection, MBIO/GMED--
so I guess that's five I own off the magic list;-)
I see Biospace has a profile for MBIO
biospace.com |
