Thursday, April 19, 2007

 

Sector Spotlight: Biotech

It looks like the asshats over at AMGN finally did something right, considering the stock is up $3. There is no denying, the Biotech/Drug sector is on fire and is putting the proverbial ax to the shorts' head. A friend of mine is long a ridiculous amount of AVNR. If you are reading this, congratulations.

Look at this shit:

SGP +8.6% (good call Cramer), GILD +5%, AMGN +5%, IFLO +15%, ARNA +10%, NVAX +14%.

Frankly, I feel somewhat fucktarded for not having a bigger weighting in the Drug sector. Right now, I own GILD, NVS, PFE, DNA, ABBI, FRX and ARWR.

Aside from the Drugs, I like the action in the Semi's, despite the fact that they suck moose balls.

In what can only be described as a "fuck you shorts, you're dead" rally-- ISIL, TGAL, AMD, VTSS, LLTC, SIMO and UTEK are all "machine gunning" the sellers.

Finally, it's worth noting, "The Fly's" positions are lagging today, with losses in BWLD, NTRI, MVISW, ARWR, CENX, amongst several others. To remedy such sad times, I have just ordered a huge salad bowl to be filled with oatmeal, served warm not hot.

Following my oatmeal consumption, I will update you on how "The Fly's" positions are fairing, currently down 0.11%.

Comments:
notice the smh breaking out of a 7 month channel? very bullish for chips!!
 
Septuple top in BRCD in last 9 days, will it ever get past 10.25?
 
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