“The safest time to play bio stocks is usually that pre-event runup period. You capture that gain and then exit prior to the event (the binary event being the release of key clinical data).”
This is true, but not if you are looking spectacular gains. I had this argument regarding AXSM. Many people thought it was a good time to sell after initial runup to 8. I thought it was a buy even though it pulled back to low 6’s.
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