In spending some time updated the trade idea this morning, I see that the VRTX short had hit it's target on Friday for about a 13% gain. As this was the only target for this trade, it will now be moved to the completed trades category. This was another one of several of the individual biotech short trade ideas that has hit recently hit it's target for substantial gains in very short order and I still think the sector and several of the trade ideas in it still look like attractive shorts, including the ETF's IBB (short) and BIS (long). [...]
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
another biotech mentioned last night that is still providing an objective short entry. T1 is the only target on this trade.
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 [...]