VRNM was one on of my favorite short trade ideas first posted on Oct 21st and broke support shortly thereafter. The trade hit T2 (final target) for a 28.7% gain from the breakdown (roughly the same level where first posted) and will now be removed from the Active Trades category. Therefore, consider booking full profits on this trade if you have no done so already. The first chart below was from the recent Biotech Short Trade Ideas video followed by today's updated chart.
The biotech sector remainS one of my favorite short trade ideas and I've put together this video covering the charts of the 14 biotech stocks that I posted on October 21st as my favorite individual shorts in the sector (click here to view that post). Also discussed are the IBB, my preferred ETF for the sector as well as a few alternative etf's (PBE, XBI, BBH, etc...). CLICK HERE TO VIEW THE 10/30/12 BIOTECH SECTOR TRADE IDEAS VIDEO
one of my favorite sectors to short at this time is the biotech sector. in fact, there are so many nice charts that i really can't pick any one or two favorites (although the recently triggered BIIB active trade is one of my top picks). therefore, i will try to put together a video covering the trade ideas in that sector asap, hopefully tomorrow. i went thru the charts of all 116 components of the IBB (iShares Biotechnology Index Fund ETF) and here is list of some of the best looking shorts in the group, as well as two longs that [...]