Fly on WallStreet

Today's market looks tired. I anticipate a minor sell off, sometime soon, in order to consolidate recent gains. Plus, every fucker with a podium and an audience is trying to talk the market down. Therefore, I feel the sellers may try to capitalize on the current negative sentiment.

However, if the market does sell off, it will be temporary and an opportunity to add to positions.

Thanks to MRK ripping themselves off, buying RNAI (102% premium), the Biotech sector is abuzz. Frankly, I hate small Biotech. More often than not, they are nothing more than a loaded dice roll, which comes up snake eyes 90% of the time. For example: Look at the action in AVNR today.

However, I do know some people who make a terrific living, gaming the complicated world of Biotech. In my opinion, it makes sense to invest in established names, like: DNA, GILD or CEPH, opposed to the smaller ones.

I am sure many of you have the "next DNA" in mind. If you do, please share.

The following Biotech stocks have mojo:

RNAI +95%
CYTR +19.8%
ALNY +19.7%
BIIB +6.2%
NVAX +8.3%
BCRX +4.7%
NSTK +4.4%