NorthWest Biotherapeutics Inc (NWBO)

[Rkmatters]

Turtle, I'm always hesitant to answer these kind of questions on a biotech stock. I only answered Ready's post as the idea that the bottom is in jeopardy as it's range bound may not be true. The bottom has gotten stronger on this stock. It's the market turmoil that continued to bring the overall biotech sector down, and it's now to a point of over-correction. I believe it's almost done. I expect to see the IBB hit into $250's, with an attempt to try and approach $240's, but I don't think that it will make it that low. And then the entire sector will begin to rise. This stock will recover slightly along with it, but it will need decent news to break upper resistance. You're an options man, see the impending IBB bottom as the time to buy calls. But maybe you should not buy more calls on this particular pick! You're already loaded on NWBO. Focus on biotech's that will present fine data at ASCO or beyond, and focus on ones that will NOT need to raise money this year. Lots of opportunities out there to make money. Seize them while you wait for things to percolate here.