Trade updates and my radio silence.
Back to USA - wow what a week to miss with almost no internet access. I literally got to sign into my TD Ameritrade app twice all week. Looks like I missed an epic week of pain. Getting on a plane in Saskatoon Canada now. Some place up here are pretty remote, it's been awesome being off he grid. Not sure if it was healthy or unhealthy to my portfolio management. But it is what it is.
I look forward to catching up with Sheff over the weekend. I was stopped out of a few trade and will update the board with my position soon. I did buy DEPO at 16.02 full position 15% and NBIX 7% position at $36 ( actually used margin which ins rarely do) And I am down to 7% in IDRA as my 3.49 stop was hit.
Please PM me with any thoughts on what bios should respond
I will use the weekend to access my trade thesis on my positions. But I really like MEIP, CPXX and PIRS. That said other equities may do better near term. It looks clear that the October FDA catalyst trades have not got much of a bid. If you were inclined to hold through you might be handsomely rewarded. BDSI comes to mind as a PDUFA I would be comfortable holding a 7% position through this PDUFA, as their already approved drug easily justifies today's market cap in my view. One final thought companies like DEPO, HZNP, VCEL are all nice trades/investment here as their stories are more about sales and marketing execution vs new drug compounds. They should do real well over the next 12 months based on sales vs market cap valuation.
-BioHunter
Twitter: @TheBio_Hunter
