Today’s Trades

XOMA – Biotech up $5 the last two days due to present at a conference next week. This gain seems excessive considering there’s no actual progress or development. If this goes red again I’d consider shorting with r/g as my risk.

VSTM – Biotech releasing positive phase 3 data. Big gap up yesterday but largest ever volume resulted in a drop from p/m highs. If this goes red I’d look to short with risk on $5 aiming for the mid-low 4’s.

ZAIS – Hedge fund that never holds its gains. Big gap up on no news. If this goes red today I’ll most likely short with risk on r/g.

INSM – Higher priced biotech gapped up $17 on positive phase 3 data. Dropped on news of a stock offering but with that offering being at $28.50 we could see this stock gain more ground. I don’t like the spread but if this breaks above $30.50 p/m high this could see the mid 30’s.

MYGN – News of their new tool for advanced cancer testing spiked this stock yesterday. Appears to be big news for this stock and if $33.20 breaks today I’d be going long as this could travel to $35 resistance. But high priced again so I’ll be careful.

VYGR – Gap up and spike for this biotech on phase 1 data news. But with volume being it’s highest ever but failing to get close to it’s $16 p/m highs this looks like it’s struggling to me. If this goes red today I’d be interested in a small position on a LH to short.