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4BIIB trade ideas

Picking a fight with the biggest guy.Biotech is all the rage, I'll play for a quickie short on this once it gets to 412ish, provided it puts on a reversal candle of some sort first.. It'll be highly technical, you have to be very surgical, it's like picking pennies in front of a train, it's like cheating death, and me likey. A better way to play this is to sell some call spreads once it gets to 412 (RSI red hot by then, probably), that way even if it consolidates, you still get the time decay. One shortcoming is liquidity on BIIB options is how do I put this delicately, shtty.
NASDAQ:BIIB
by Jakeccc
BIIB Outside of long term trendI would not call it a short yet after todays almist 2% run for the markets, but i am not playing this long either. It went out of a long term trend, just like about everything im watching. Markets should be making a bounce, but if it fails to top the previous high, it will be a H&S pattern and won't lead much to anything. This is a big player, and so is ALXN that had a indecisive week with ups and downs for +-5%. Biotechs are quite stable regarding the whole market nowadays - i was expecting a bigger drop for them. So now i am watching ALXN, NVAX, BIIB, ARIAD and ACHN. Be cautious as one day run after 10 days slump is not something to parade yet.
NASDAQ:BIIB
by A-shot
1
Biogen is ready for a good run. I know a lot of you aren't fundamentalists, but I just wanna say that when the stars align (Fundamentals and Technicals), it indeed is a rare and fortunate occasion. Nothing fundamental has changed, it just caught in a minor (bio/internet momo)correction last month, whcih I think is healthy. This bad boy got a little ahead of itself since Dec 2013, hammered back into its previous channel with Gilead in late March, since then it's been in full fledged limbo dance. It started to show signs of bottoming last week, although it rallied 5% today, I still think it's got some room to run given today's low volume. I think many people are still gun shy from last month's selloff and scared shtless to come back in. They will eventually come slowly rolling back into this sector. Another very encouraging sign is that Biogen broke 300 level along with other two sector leaders Gilead and Celgene, all broke previous resistance, 80 and 150, so again, stars aligned today. I'm a rookie in terms of chart analysis, but I do know this company, it's got a robust drug pipeline and solid balance sheet. It is NOT an expensive stock comparing to its peers. If you missed today's action, it shuoldn't stop you from building a position tomorrow. I am somewhat concerned with today's euphoria, remember last month's after Yellen's speech, the market just exploded to the upside only to get hammered hard the next day. So watch out guys.
NASDAQ:BIIBLong
by Jakeccc