Amgen : ready to plunge ?

[xandman]

An Amgen plunge will take the IBB down to the 200 MA, at least. We are talking a major dip during the summer. I hope it doesn't happen. I am betting on a boring summer, volatility wise. I'll be watching.

 

[recession2016]

I'm taking the opposite of this trade. Long IBB

 

[Chris Mac]

I'm taking the opposite of this trade. Long IBB

Long IBB with a triple top risk ? I would say GL then.
I made 200%+ with Biotech (and didn't take the last 40%).
Maybe there is more upside ? But it will be without me.

CM

 

[xandman]

Closely monitoring that, too. I think a fake out can cause a parabolic move. Who knows..

On the highly speculative side, check out the unusual strength in COLL. Captured my interest via insider buying.

 

[Buy1Sell2]

I made 200%+ with Biotech (and didn't take the last 40%).


CM

 

[xandman]

Regeneron is running. Moving the IBB up on a boring day.

"drug Repatha (AMGEN), whose panel meeting is the day after Praluent's and whose briefing documents will come out Monday.

Everyone and his uncle expect both drugs to be approved"

 

[MadeMan]

i dunno which stocks keep the biotech etfs at its aths? but amgn surely insnt

something to think about..

 

[xandman]

Those are the majors. I actually try not to trade them. The "juice" of volatility is addictive.

 

[MadeMan]

Those are the majors. I actually try not to trade them. The "juice" of volatility is addictive.

View attachment 153524

hmmm

if they are the majors.. but except of regn no one makes a new high ? then there is something fishy... it doesnt mean that a bear market is arround the corner but at least a correction or re-accumulation.. i mean if the cats and dogs of biotech getting marked up but the majors wont follow ? usually its the otherway round.. summer break ? ..

 

[xandman]

You betcha it's summer break. Only plebs or interns trade in the Summer. Wall Street is at the Hamptons.