Covered VRTX short @33.69 for a 15% profit in five days. VRTX has now retraced nearly all of the rise from the January 9 PR about VX-950, so the backlash against the hype surrounding this product has just about played itself out, IMHO.
For the first time in a while, I am short no biotech stocks (but am still short SBUX).
In the past few months I've shorted and covered six drug/biotech stocks at a profit: ALKS OSIP TELK ASPM AGN and VRTX.
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