Biotech Stocks Overextended, Selling Will Resume Eventually => Rx Investors.com - Justin M. Hall

Justin M. Hall

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Biotech Stocks Overextended, Selling Will Resume Eventually => Rx Investors.com 2 comments

Jul 4, 2011 5:48 AM | about stocks: AMGN, CELG, TEVA, GILD, VRTX, VRUS, ALXN, BIIB, ILMN, PRGO, REGN, MYL, DNDN, SHPG, UTHR, LIFE, WCRX, BMRN, ONXX, ITMN, GSK, QGEN, GPRO, INCY, SLXP, ENDP, MYGN, SGEN, IPXL, TECH, THRX, EXEL, CEPH, CBST, IBB, BIS, XBI, SQQQ, QQQ, SPY, SH, SPPI

HAPPY FOURTH OF JULY!

Click on image to access PAGE ONE at Rx Investors.

Themes: Healthcare, Biotech Stocks: AMGN, CELG, TEVA, GILD, VRTX, VRUS, ALXN, BIIB, ILMN, PRGO, REGN, MYL, DNDN, SHPG, UTHR, LIFE, WCRX, BMRN, ONXX, ITMN, GSK, QGEN, GPRO, INCY, SLXP, ENDP, MYGN, SGEN, IPXL, TECH, THRX, EXEL, CEPH, CBST, IBB, BIS, XBI, SQQQ, QQQ, SPY, SH, SPPI

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antisense Comments (40)

How is your portfolio performance doing? No selling yet, all the puts expired worthless. My shares got called away. Thank you but no thank you.

15 Jul 2011, 08:48 PM Reply Like

Justin M. Hall Comments (753)

I'm sorry to hear that, but I have NO clue what the heck you're talking about. Coming from you, however, that's also not a surprise.

At RxInvestors.com, I continue to maintain my recommendations for #1 (IBB) September 2011 put options and #2 shares of (BIS).

In June, we nailed the IBB $105 puts, but missed on the $100 puts. Gains exceeded 100%.

Earlier this month, I recommended to investors - * on my site * - that they shift all capital, if any, from IBB July puts to the IBB September puts. IBB September 2011 puts is a core mid-term position I have maintained at Rx Investors since May 10, 2011.

Biotech stocks will correct eventually. As I have repeatedly told subscribers at Rx Investors, I am looking for the Biotech names to begin selling off on the Q2 results. Make no mistake, I remain bearish on Biotech. Did you see (SGEN) today? I suppose not.

Since you do not subscribe to my site, why complain to me about your loss? Why should I care?

Nevertheless, I do wish you well and hope that you are trying to enjoy your summer.

Justin
RxInvestors.com

15 Jul 2011, 10:21 PM Reply Like