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Yep, I believe you, but until the IBB, XBI, XLV, NBI start to gain some footing, It's lookout below for BIO's my friend. Sell the rally, seems to be very profitable.
Longs need to stay hedged in BioTech Stocks...Lots of money to be made here, at least until after the election...IMO
http://www.marketwatch.com/story/push-back-from-drug-price-spikes-hurting-more-than-just-pharma-companies-2016-10-28
If you succumb to pressure for raising drug prices, then you probably are guilty of price gouging. Lowing the price back down only proves you didn't have to raise the price in the first place. I don't think ARIA falls within the same scope as MYL.
This is an over reaction IMO. Bernie, Hillary none of them can make ARIA sell their drug at a lesser price, and they can't make anyone stop using/needing the drug. So other than a market reaction, what good is his comments.
Yeah, I like putting in orders around a strong support area. You don't normally get hurt too bad if it keeps falling. I'm a bull by nature, but being short is fun, especially when you waiting for the price trigger your order.
GOT 'EM...Now do I really want them at this price???
Just when you thought it was safe to go back into the water, uncle Bernie strikes again!!!
This is a great time to go shopping in Biotech's. Chance to grab some of those stocks you had your eye on. I'm long a basket full. But I'm also hedged by being short the IBB. These are good times and will be better after the election.
Entire Bio industry is getting slammed. When the big pharma stocks and the IBB turns around, then these little guys will turn around. Until then, you just pissing in the wind my friend.
Let's not forget this...about a day and a half prior to the decline.
"ARIA Better Hold 12.70
Decent PUT buying in the last 20 mins. Over 2600 of the 21 OCT 16 13.50/14 PUTS were bought on offer. Someone looking for further downside. If ARIA don't hold 12.70, it has very little support down to the 10.50 area. JMHO!"
There is always a tell-tell sign. Options can tell you a lot, especially when sentiment is one sided as was the case for ARIA 100% bullish. Same can be said for CRBP and NVAX. I don't think it's personal at all, people in this game to make money. I'm looking to re-open my position in ARIA when I can find an edge. Right now the market is notorious for selling the rally, fast quick and in a hurry, WHY fight it. GLTA!!!
I just trade the chart my friend. BX chart looking bearish and the option activities confirms it. I mean why would you buy something thats under every moving average? I don't claim to be an expert by any stretch but you can probably get it a buck or two cheaper. PUT's are still being bought. I think largely because there is NTB, so most can't short the stock. JMHO
I been following the option activity for BX. Lots of NOV PUT's being bought, verses low open interest. Earnings on 10/27, options expire after earnings. GLTU
Thanks Uncle Bernie!!!
You think this trader knows Bernie, may have been Bernie himself buying PUTs.
Get the feeling someone knew this would happen!!!
One would expect the price to move up at least a little on good news.
Yeah, but it didn't help the PPS.
Hard to say in this sell the rally market.
ARIA Better Hold 12.70
Decent PUT buying in the last 20 mins. Over 2600 of the 21 OCT 16 13.50/14 PUTS were bought on offer. Someone looking for further downside. If ARIA don't hold 12.70, it has very little support down to the 10.50 area. JMHO!
Options
Options Time and Sales
You can't short it, No shares to barrow!
Yep, and IBB don't look good...
Might find some support around 277 area. In the meantime Biotechs will be like a yo-yo.
I don't really think so. Maybe tomorrow it may, depends on if the market is up or not. But I don't care if others want to give up their shares. I'm keeping mines for now. Of course if you holding you got to have it hedged, that way you don't have to sweat if it's going up or down everyday.
I don't know about grudge, I think it is just the ebb and flow of the stock market. Considering the market was down today, I don't think the article had much impact on ARIA shares. Not to mention it takes balls to short a possible takeover candidate, at least overnight anyway. It was so volatile today, day traders probably had some fun with all the spikes.
I agree, looks like somebody is expecting something big. Considering MACK only trades about 700 options per day, that total option volume 6109 could be pretty significant. Lets see if it moves over to the open interest side. Looking at time and sales in TOS, appears the options were bought on the offer.
I think you may be right in the long run biotech, hence that's why I'm long. But not immediately like everyone is believing. I'm not ready to sell but I think you gotta plan for a drop in SP by hedging, Indexes are at resistance. Also what you think about a public offering, not saying it will happen but it is very possible with the recent rally. On the other hand shorts are sitting there with their finger on the trigger, slightest whisper of a deal or FDA approval will set off fireworks. JMO
I'm long this stock but a few things bothers me.
1. Insider selling (bearish)
2. Overbought (bearish)
3. Public thinks it's a fore gone conclusion that this stock is ready to fly. You know what happen when everyone is bullish on something.
I believe it will go down at least a couple points before anything good happen. JMO
Hmmmmm, Let me unload my 20,000 shares before the price possibly doubles. Not a good sign for longs.
I too believe that the insider buying is a big positive. I got in at 1.20, will add more possibly on Monday. GLTA
Anybody notice the recent insider trading. I really want this to do well, however the insiders don't think it will be anytime soon it appears from their recent selling. I'm just saying!!!
Wasn't triple witching last Friday ???
It was a great bounce, good shorting opportunity also around the 14.80 area.
Now you know!
DG looking like it's seen better days. I was expecting it to bounce after earnings. Now it wants to trade between 73 and 70. May be down here for quite a while.
I couldn't agree more, selling down here is giving the shorts a chance to cover.
You would think shorts wanna cover early morning, lock in those profits. That should hold the PPS steady to higher. Leaning toward higher, at least for a little while Friday. JMO
PUTs will be nice and juicy for expiration Friday. IV is over the moon, I mean you have to look at selling PUTs on a bounce right?
I could see it bouncing, maybe the shorts will decide to cover all at once.
50% retracement would be nice here. You wonder if the move down was an over reaction. Maybe not if they don't have any products to sell like the article stated. But I doubt if anyone holding on the close today will be willing to sell down here.
Thats great, I'm looking to add around the 9.20 area. Would love to see a moving average cross to the upside right around there.
Nope, market wouldn't let me. I'll catch it when the market settles. I trade mostly biotech stocks, so I'm usually short IBB to hedge my longs. Worked out lovely, IBB dropped 8 pts.