Bio-Tech's and Speculative MicroCaps
The speculative and bio-tech/pharma stocks seem to be the stocks du jour, as they continue to make higher moves. One bio-pharma that I had highlighted several sessions ago (IPCI) has been performing quite well. Alas, I had been reluctant in taking a position and decided not too chase it. Instead, I sat on the sidelines and watched it soar since last week. Another strong bio-tech (GENE) has also been making new highs with an impressive 90%+ move today. This also popped on my radar but the low trading volume deterred me from taking a position. One positive hopeful for today is AERL. I have been patiently watching it believe that it is almost ready to be bought as a trade.
Potential Trades: AERL, FRM
Note: In order for AERL to be a go, it must stay near the top of its range.
posted by Nick M. @ 12:29 PM
2 Comments:
Hey Nick,
Do you think its a good idea to buy SHZ at these levels after the shelf offering news...
not sure if the offering was a good or bad idea...
any suggestions
-VH
while it does offer more liquidity to the trading of the stock, then news is percieved as negative for now. I would wait until the stock forms a pivot and is ready for a technical bounce before jumping back in.
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