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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 35 years executive experience including Abbott and JNJ and has been involved three successful start-ups. Before starting Raygent and other companies he was also a... More
My company:
Raygent Capital
My blog:
Raygent.com,Rayno Life Science
  • Tradable Bottom In With Biotech But Don't Go Crazy  0 comments
    Apr 17, 2014 1:08 PM | about stocks: GILD, IBB

    Large Caps Are Recovering But Follow Q1 Earnings Closely

    Fidelity Select Biotech FBIOX( $176 ) must hold $172 for new buys.

    Healthcare sector XLV ($56.94) lagging industrials and energy.

    April 15 Low Must Hold IBB ($207.70)

    • Our top picks that are off 5 day bottom and higher: ABBV ALKS ALXN, BIIB, GILD.
    • Even laggard Celgene (NASDAQ:CELG) down 16% YTD is catching bids.
    • MOMO and Smaller Caps-Dip In For Day Trades Only -XBI ($125.44) low at $115.40

    Valuation Models From October 9, 2013 Revisited

    • Onyx buy-out by Amgen (NASDAQ:AMGN) at $10B still high-water mark so M&A action should be mid-caps.
    • Stocks higher on list: ALXN, INCY, PBYI.
    • Stocks lower on list: ARIA, BMRN, CLVS, PCYC, REGN, SGEN.

    Small and Mid-Cap trading action is volatile with good volume.

    Disclosure: I am long ABBV, GILD.

    Additional disclosure: I am long FBIOX and short mid-cap biotech stocks on a daily basis,

    Stocks: GILD, IBB
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