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Re: expediter13 post# 2217

Tuesday, 01/07/2014 9:09:31 AM

Tuesday, January 07, 2014 9:09:31 AM

Post# of 2666
good luck on your biotech. It's a market that scares me, and that I never play well. I was in some Parkinsons-related stocks: CYNAF (has doubled this week, without me no longer invested) and LVCLY (which I still love, but got out before a 40 percent drop, and a subsequent recovery). In general, it seems biotechs (like these patent stocks) can go up or down a lot very fast on no news, and you have to take guesses whether there's meat behind the jump/fall or whether the jump/fall is to some extent irrational.
Since I've seen some jump 80 percent, then fall the same amount on the following day (with the sudden release of a financing update), I likely would never make a lot on a biotech, as I would always end up respecting whatever initial profit I got.

As for BCYP, no clue what will come of it, but appreciate that patent plays typically have specific dates behind their catalysts (even if the dates frequently get moved back).

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