Biotech bloodbath was the theme of today's trading session! $VRX (Valeant Pharmaceuticals stock) provided disastrous forward guidance and analysts on the street still questioned the company's business model. We told all our paying stock chatroom members before the market open to be extremely careful with trading $VRX today. Only scalp it on bottom picks and do not try and ride it and be the hero to call the dead bottom. $VRX was...
Read MoreThe biotech sector was being further trashed by Hillary Clinton drug pricing comments as well as more general weakness in the sector caused by technical selling and broken support levels. $ENDP (Endo International), a generic drug manufacturer, took it on the chin the past few months as it fell from a 52wk high of $96 to $46. After a quick look at the balance sheet and cash flow, we felt $ENDP was way oversold fundamentally and...
Read MoreHillary 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...
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