Biotech Values

[Jonathan Robinson]

Obviously more info is better but I do find lack of real info in the data these days. I occasionally try out hitting what look like weak asks to test out how good the info is (usually less than 2-3K shares with maximum gains/losses of a few hundred dollars - more to gauge worth of info and occasionally capture a bigger gain).

It can be misleading. There are days where I have gotten IDIX to move 10-15 cents just by posting 2K share bids and moving them up as asks pull away. Other days the 2K bid gets hit in less time than it takes to show on my system as a bid. Even days where the ask looks benign. That being said, the illiquidity in IDIX can make for some interesting day trades, which given my time zone here in Hong Kong, I do not do very often. More out of boredom if I cannot sleep.

Jon