Allan Harris'  Instablog

Allan Harris
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After practicing law for way too long, I moved my family to the beach (Kiawah Island, South Carolina) to trade stocks for a living. After making and blowing a fortune in the technology bubble of the 1990's (and then again in 2006-08), I discovered the art and science of trend following. In... More
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  • No Better Bet Than Biotech 0 comments
    Dec 11, 2012 3:08 PM | about stocks: CLSN, CTIX, AAPL

    Yesterday I posted a chart of Cellutix (OTCPK:CTIX) showing a Buy Signal at $0.55 in May. CTIX has now broken above $1.50, almost a triple in a little over six months.

    Today's Biotechnology runner is Celsion (NASDAQ:CLSN). During the same period CTIX has run up close to 200%, CLSN has run up over 300%:

    (click to enlarge)

    (click to enlarge)

    When these two started their runs, AAPL was at $600. An equivalent run would price AAPL today at about $2,000. For those who argue the comparisons between two highly speculative biotech stocks and Apple Computer is insane, I argue that we are in this game to make money, not sanity. The same trend line had all three stocks on Buy Signals and a Buy Signal is a Buy Signal.....what else can it be?

    (click to enlarge)

    Disclosure: I am long OTCPK:CTIX, CLSN.

    Stocks: CLSN, CTIX, AAPL
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