Hey...we made the SI hot list!
I don't think BIOM has ever made it before today.
BTW, I think the impending Greeny decision on Tues could actually help BIOM, and other "value" investments. Whenever we get these corrections or uncertainties with the interest rates, it's the high fliers that drop first and worst. Not many Internet/Tech companies will want to waste a good press release on Monday or Tuesday. Leaves the door wide open for biotech news. There will be a lot of traders sitting around Monday with lots of cash on hand waiting for the outcome of the interest rate decision on what will probably be a negative to flat day. Anything that shows any "run" potential is likely to be pounced with unusual fervor.
My dream scenario for Monday: We will open very strong, perhaps 8-10, with everyone looking for the "article". I actually don't think we'll see the article until Tuesday, when the ASCO concludes. So, a sell-off by the impatient back down to the 6-7 level, with a strong afternoon after everyone realizes the article will probably appear Tues, closing around 8. The Article appears Tuesday and we open at 18, backoff to 11, then run back to 15 on a Joey K mention. As I'm desperately trying to read my level 2 screen for a re-entry, Christie Brinkley softly kisses me on the neck and begs me to stop trading and come back to bed....(hey, I said it was MY dream scenario..heh)
SM |
