Cobra's Market View

Hola all! Been busy with other projects (including one called marketshadows). In any case, how did that SGEN move treat those involved? Made it through the 21 zone and now is poised to go higher after some pause. I am watching $30 like a hawk. YMI, CRIS, EXEL and CLDX are all ones to own, scale into...

Good day all! Well, looks like we have the breakdown Sir Cobra has forcasted...now, biotechs have been holding strong in here. SGEN, EXEL, CRIS, CLDX and YMI are all holding their own. PLX received its approval...so all is good in the land of bio....only CLDX is looking a bit funny with a falling we...

Don't post here much, but YMI, RIGL and ELEX should all be bought on weakness....which would be right in here. All have clinical trials ongoing (YMI and ELEX are starting Phase 3). Charts are good to go.....SGEN is holding strong from my last posts (actually it is higher here, but pulled back). VRTX...

umpel - nice charts. Only thing I don't understand is how the timelines are picked. Thx. I realize this is a chartist site, but thought this was interesting (http://www.efxnews.com/story/11638/german-central-bank-rejects-weak-euro-zone-bank-bonds). SGEN is doing well for us...as is CRIS. Nice weeke...

umpel - nice charts. Only thing I don't understand is how the timelines are picked. Thx. I realize this is a chartist site, but thought this was interesting (http://www.efxnews.com/story/11638/german-central-bank-rejects-weak-euro-zone-bank-bonds). SGEN is doing well for us...as is CRIS. Nice weeken...

That would be SGEN.....if you didn't click the chart! Sorry.

http://chart.finance.yahoo.com/z?s=SGEN&t=1y&q=c&l=on&z=l&a=v&p=m50,m200&lang=en-US&region=US Nice triangles formed from high of $22 to low of $15 (sorry, not a member of the fancy charts and don't know how to upload). Long again in here the stock, buying the $20/25 ...

CRIS ran yesterday (I noted them before), ZLCS is also up (wrote it up on Saturday on my board).....biotechs are holding strong. SGEN blew through its $20 OH resistance (I have the June $20/25 BCS, selling the $20 or $17.5 puts for a good credit or net 0 trade). YMI is one to start accumulating IMHO.

Biotech target for the day...YMI. I have been in them a while and selling calls and puts against them. Start with a 1/4 position in here. Sell the July $2.5 Ps for $1 or better for next 1/4. Not covering yet. GLTA.

SGEN...I hope some joined when I posted a few weeks back. I would lighten up in here or buy a few calls with the cash made.

SGEN has a marketed drug, albeit it is a small market for now. It is in many clinical trials, and they have several others moving through the pipeline. The technology is a mAb (monoclonal antibody tagged (linked) with a chemotherapeutic). Think of it as a bunker buster bomb. IMGN is very similar, bu...

Al_dente - yes. I can. Although the last one I do not understand. The first set with $TRIN is very informative.

SGEN - no matter where the market goes, it is my belief that SGEN is a take over target. IMGN and SGEN are two of the mid-tier mAb companies left. Enjoy the ups and downs ($17.50 is a good floor, and the stock is closely held). Target is $25 for take out. http://chart.finance.yahoo.com/z?s=SGEN&...

SGEN (I posted here after earnings), IMGN, CRIS, ARIA, and YMI holding up well. PLX - time to get in on them with the stock offering IMHO (I own them and have for a while). @ 5.40? Sorry, my charts are not as sophisticated as everyone's here, but yes, $5.40 or better on them. Think of the company a...

SGEN (I posted here after earnings), IMGN, CRIS, ARIA, and YMI holding up well. PLX - time to get in on them with the stock offering IMHO (I own them and have for a while). http://chart.finance.yahoo.com/z?s=PLX&t=1y&q=c&l=on&z=l&a=v&p=m20,m200,b&lang=en-US&region=US

SGEN - buy the weakness or sell the June $17.5 put.....good time to start accumulating.

TSRX - antibiotic works, they are in bed with Cubist. What's not to love. Buy 1/4 to 1/2 round here. DD IF they go 20% lower.

IRWD is also a small pharma with Aug on the horizon for their drug (IBD). I could see FRX taking them out to replace much of the pipeline that they lost with Celexa. Unfortunately, IRWD has moved quickly to $15. Sell a few puts or wait for a pull back to the 12.50 area to start playing again.

I am part of another blog roll, and do regular posts there. Some of my stuff is on SeekingAlpha under Ilene of PSW. We have had some nice winners (ARIA, ITMN and losers (ARNA, DCHT), as biotech is a very hard area to invest in unless one understands the science. Unfortunately, sometimes that does no...

CERS is a go as well....blood detection system that was thrashed