Was flipping through the charts of different sectors, then concentrated my attention on BioTech - based on variant perception that if "long awaited rally" will happen, counting on total lack of new money foolish enough to commit to this insane market - the money will have to come out of somewhere and biotech was outperforming sector for quite a while now - let's "hammer it down" my friends :-)
Here are two BioTech stocks which I think present very good risk/reward right now. (I was short REGN for few days now)
and I'll be buying March puts on them tomorrow first thing in the morning.
(ALXN)
(MYGN)
To have some fun I might start playing long swings at this point - (CSUN) seams to be ripe for the taking without paying options premiums :)
P.S. Thank you to all of you who generously ringed "donate" button after today's market insanity :)
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