Coming up on June 10th, 2014, Orexigen Therapeutics expects a Food and Drug Administration (FDA) for it’s weight loss drug NB32 (Contrave). Contrave was initially rejected by the FDA due to a single issue cardiovascular safety concern and requested the…
Scott, Mike, Kyle bought $OREX, we see around $7 as run-up potential. Key point are: Coming up on June 10th, 2014, Orexigen Therapeutics expects a Food and Drug Administration (FDA) for it’s weight loss drug NB32 (Contrave). Contrave was initially…
Commentary For Monday May 26 – Ukraine Goes Smooth ECB Next. Ukrainian Elections went smoothly as billionaire Petro Poroshenko won with 54% of the vote, which avoids a run-off which could have brought more uncertainty to the situation. ECB’s Dragi…
Market Wrap Up – Liquidity Love. Not much to add in the text here, except my view this week was way off as I miscalculated the market’s love for liquidity over every factor, including the one I totally botched –…
Market Commentary For Thursday May 22 – Pivotal Point. Tomorrow’s market action should be very interesting as I’m looking for a couple of things; 1. $IBB closing over $235 = getting close to confirmation of a resumption of the up…
Explanation of $IBB chart, Market Commentary and Biotech Commentary, I this video, I go over the $IBB chart and its similarity to the $ACRX chart before it took a 50% + dump in September of last year. Additional Market commentary…
Video at end of text! Market Chart And Macro Review May 21 2014 – Sell Off Coming. In this Video, I review $SPY, $IWM, $QQQ, $IBB, $PGNX, $BDSI $CYTK. I was wrong about the second part of today as the…
Market Commentary For Tuesday May 20 – BOJ And Earnings Misses. Staples misses badly on earnings, $CAT guiding lower + BOJ uncertainty + Ukraine deal = Market pressure, at least for today. The pattern has been to move markets in…
Market Commentary For Monday May 19 – Short Cover. As per my original view from Sunday night, the market saw a very light volume short cover. However, I allowed the USD/JPY handle to influence me to make a bad trade…
I bought 100 put contracts, $NFLX June monthly @ $0.47 cents, $265 strike. <, This is trade I should have done to begin with and stick with my market up day thesis today. I see this as light volume short…
