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VVUS target hit

The VVUS short trade hit the first and only price target today, and then some, for a 30.6% gain. (Note: gains are only calculated to the target unless the stock makes an opening gap past the target level). The entry was triggered the day after the setup was posted on 10/22 and was good for a 30.6% gain in just 9 trading sessions.  I had stated in the last post: VVUS will trigger a short entry on a break below the 19.00 level and has the potential to hit T1 rather quickly.  The reason for that expectation was that very large [...]

2012-11-07T00:24:35+00:00 Nov 7, 2012 12:24am|Categories: Completed Trades - Short|Tags: |Comments Off on VVUS target hit

VVUS short setup

another biotech mentioned last night, VVUS will trigger a short entry on a break below the 19.00 level and has the potential to hit T1 rather quickly.  please be aware though that i am aware of no other sector with such volatile, high risk components as the biotech sector.  more conservative or less experienced traders might consider just sticking with the IBB (etf) short that i posted last night for the relative safety that comes with the diversity of an etf.  for those preferring the larger profit potential of shorting the individual biotech stocks, make sure to beta-adjust your position size [...]

2017-03-08T21:22:03+00:00 Oct 22, 2012 2:49pm|Categories: Completed Trades - Short|Tags: |Comments Off on VVUS short setup

biotech short trade ideas

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 [...]

2017-03-08T21:22:03+00:00 Oct 21, 2012 10:45pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , |Comments Off on biotech short trade ideas