OT: Sheff...
Good feedback on the retail vs institutional. The idea that institutions offer longer term support also fits with catalyst plays. Catalyst trades that are likely to attract institutional money are probably safer than those that look to be a retail runup trade. For example BLUE, ITCI, CEMP, FLXN, NBIX, MRNS vs APRI, IMNP, NVIV, SYN, RXII... Less of a runup pop % terms but less risk . Traders should be realistic around risk and reward, particularly in this market.
Retail may be pretty tapped out here with cash, they are more likely to sell into any rally as well. So watch out for the quick pop and fades, both will have shorter durations than earlier in the summer.
I have have been pretty quiet in the current market, mostly a little selling or adding to balance. I am hoping for a small bounce and then mellow consolidation for a week or two vs the other two options big leg lower or big leg higher. Q4 sets up the best if we can churn for a couple weeks until post labor day.
I have added small pieces to a few positions
PIRS, TTHI, RXII, BLUE,
Sold or thinned 1 or 2 positions during bounce back MACK, ESPR, ITCI, DEPO
Stocks I like and high on my watch that are not likely to be retail driven, all with KEY Q4 catalysts. Most hopefully representing less downside risk at current levels.
MRNS - wanted this high 11's missed it, big pop today
NBIX
TGTX
CEMP
PIRS
IDRA
BLUE
TTHI
My 10% + Full positions that I am sticking with here. All companies I am comfortable owning for several months: IDRA, QURE, APRI. (APRI has two catalyst on deck, Nov 3rd being critical)
Smaller Long positions 4%-7% : BLUE, PIRS,KITE, TTHI, ESPR, RXII, TRIL, BITI
-BioHunter
Twitter: @TheBio_Hunter
