FYI on trading,
I have been pretty slammed with non bio parts of my life. I was in S. America for 10 days, moved to a new house, settling into kids summer schedules, so Bio trade has taken a bit of a back seat. Still trading just have not had time to post DD. I assume this will be the case for the next few weeks.
The market has been tough to trade and lots of volatility, probably a market to just sit on the sidelines. I am staying away from the sub $2 stocks or sub 100M mkt caps, to much risk and not working into data and catalyst.
-Currently stuck in my $LPCN trade, but as per prior post exited half for only 8% loss
-$PRTK I am out and exited at 16.83 and 21.50 so that worked out great. Company raised and did so with a small IB, bad pricing poor execution on financing. Ultimately they screwed themselves on the financing. But pipeline/data solid and excellent longterm prospects. It was a unfortunate decision, but the company is undervalued here and should move back to 15/16 area if not higher.
- $SAGE I like this a lot into their P2 late July/ Early Aug. Positive data is NOT priced into the stock and I think it will be positive. Catalyst traders like myself and Sheff should do well on data runup trade. Current levels 28-29 attractive
-$PGNX I like this one a lot at these levels and have a position in the 4.60's PDUFA July
-$ARLZ on my hot watch for September PDUFA shares represent good value here
-$RDHL, $AXSM, $CANF, , $CLCD, $CYNA, $CRBP, $XXII, $KPTI, $ADMA, $AUPH are all stocks I would buy here and on my hot watch list. I like $CYNA for binary P3 data coming in the next week or two. You have to be willing to hold through catalyst, I am long here and believe high odds of P3 success. $KPTI has P2 data coming next month with tons of data into ASH, I am buying here in the 7.50-7.70 range. This had been a great trader, buy mid 7's sell high 8's low 9's. $RDHL, $XXII two Napodano picks I really like and will hold longer term.
That's it for now
-BioHunter
-BioHunter
-BioHunter
Twitter: @TheBio_Hunter
