Hillary Clinton tore up the entire biotech sector on her tweet concerning the rise in drug prices. The $IBB $XBI Biotech indexes fell everyday for a week providing us a tremendous opportunity to get long and bottom pick select small cap biotech stocks like $RTRX and $DPLO which we felt were way oversold fundamentally.
$DPLO (Depomed stock) was a great swing play as the stock fell more than -50% from its highs reached as of only two months ago. We held our swing position for around two weeks trading around a core position of around 6000 shares. Net reward was $17,505. A lot of our members profited heavily with us on this trade. Learn how to swing trade with us!
