I am very new to trading, and yes I do have a brokerage account but from some reason profit.ly isn't loading my statistics. I've only executed one trade, with Groupon. I actually purchased 46 shares, an investment of roughly $200. Hey don't judge me, it's my first go round and I'm still figuring things out. Anyways, I've digressed, while doing my due diligence i happened to stumble across Curis, which is a biotech company focused on the development and commercialization of innovative drug candidates for treatment of human cancers. On the 24th, Curis is doing a presentation at the RBC Capital Markets Global Healthcare Conference. I am unsure what the contents of the presentation will be, but just a guess will be positive news in regards to their positive developments in their cancer medicines. Now to the good stuff, at least I think. This biotech company is currently trading at $1.52 per share with a 52 week high of $3.75 and a 52 week low of $1.25. I am wondering if this is a good buying opportunity, especially from some one like me who has a small account? When I say small, I'm talking $1200. I know biotech offer great opportunity to double or even triple your money, and I wonder how your experienced traders feel about this. I've place $CRIS on my watchlist because I think this press will rise this stock dramatically, especially if the contents released at the conference is good. It's on my watchlist, but should it be? Am I looking at this the wrong way? I need help, and I'm trying to learn the market while giving a heads up. I might sound like an idiot, I'll take that, but I'm trying to learn. Thoughts?
You should react to the news and not predict it ahead of time. This is Tim's rule. See how everyone reacts to the news on the 24th and then decide what to do. But I wouldn't buy it ahead of time.
Thanks I appreciate the heads up
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