• Michael Kudrna
    Disappointing data results for $CBIO. Only holding profits, so will close out my reduced profits this morning $$
    11/8/11
    Reply (11)
    • John Rayhall: Oh wow sorry about that that's tough down 55% tthis morning. Biotechs are so hard to read to know what's going to happen.
      11/8/11
    • John Rayhall: I did well on HGSi and DNDN but got burned by so many others sometimes I think they're not worth it.
      11/8/11
    • Michael Kudrna: I don't hold into earnings and I try not to hold anything but profits into expected data releases. Using that strategy reduces risk
      11/8/11
    • John Rayhall: Yes true always good to sell before any news, but if it hits then you miss out on huge gains guess depends on risk tolerance
      11/8/11
    • Michael Kudrna: I'd rather make disciplined gains than gambling gains...holding into news is gambling. Options straddles work best for that.
      11/8/11
    • John Rayhall: I've never done a straddle will have to look into it. You're right for sure never lose your gains.
      11/8/11
    • John Rayhall: By the way I didn't read the full report but was the selloff overdone?
      11/8/11
    • Michael Kudrna: too early to tell, but I'd expect more downside before any type of small recovery. The bulls are hoping the market gap-up helps them today
      11/8/11
    • John Rayhall: Ok best to stay away I think there are better opps out there.
      11/8/11
    • Michael Kudrna: Definitely...like $NR, my trade of the week http://bit.ly/uIAw1F/
      11/8/11
    • John Rayhall: I'll take a look thanks.
      11/8/11