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Rod Raynovich
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Rod Raynovich is an entrepreneur and executive with a focus on life science companies and medical technology trends.He has over 30 years executive experience including Abbott and JNJ and has been involved three successful start-ups. He has a B.S, from Penn State University and an MBA from... More
My company:
Raygent Capital
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  • Rayno Biopharmaceutical Focus Stocks: Ones To Watch -ALXN,PCYC,REGN 0 comments
    Feb 14, 2013 7:09 PM | about stocks: IBB

    Caution is Warranted by Technicals

    Given the toppiness in the biotechnology sector and the stalling of the IBB ($146), it looks like momentum is waning and some MO stocks favored by BIG money are selling off. Nonetheless we have not made any portfolio recommendations other than raising a little cash. We will update if there is a correction with some overweighting such as Cubist (CBST) and Gilead (NASDAQ:GILD) but new buys are not recommended at this time except Optimer (NASDAQ:OPTR) as we noted earlier this week, We expect a modest sell-off should NASDAQ falter and keep in mind that seasonality can be weak for stocks in late Q1.Remember the biotech sector was up 35% in 2012 and is up 6-8% in 2013 YTD. All that being said small and mid-cap stocks in our index were lively (CLDX, INCY, ISIS, NKTR) today with some big winners so speculation still abounds.

    The following focus stocks have sold off 2013 highs:

    Alexion (ALXN $87.63) Off 5% YTD.

    Amgen (AMGN $84.72) Off 1.7% YTD.

    Medivation (MDVN $53.35) MO stock hedge or short trade

    Regeneron (REGN $169.24) Off 1% YTD.

    Strong outperformers in 2013 still near highs:

    Albany Molecular (AMRI $7.87) Up 49% YTD still valued at 1X Revenues.

    Biogen Idec (BIIB $164.59) Solid technicals.

    Gilead (GILD $41.60) Solid technicals and up 13.3 % YTD. Hard to buy in on weakness.

    Immunogen (IMGN $14.50) Laggard up 13.65% YTD.

    Optimer (OPTR $11.78) Laggard up 30% YTD.

    Pharmacyclics (PCYC $80.21) Up 39% YTD but due for a correction.

    Seattle Genetics (SGEN $27.80) Up 20% YTD.

    Viropharma (VPHM $25.69)

    Here is our 2012 YTD review from December 24, 2012:

    Rayno Biopharmaceutical Focus Stocks YTD: Top Performers include AMRI,GILD, REGN |

    Disclosure: I am long OPTR.

    Stocks: IBB
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