Rayno Biopharmaceutical Stocks In a Stealth Rally-Most Core Positions Up
No changes have been made in core portfolio positions except as noted below.
See update in Seeking Alpha.
Action today with strong charts since Feb 26 Sell-Off
ALXN ($93) stable and recovering off 1 month lows
BIIB ($178) solid performer up 8% since Feb 25
PCYC ($76.13) losing MO, off 15% in 5 days and off
REGN ($171.6) stable and recovering off 1 month lows
SGEN ($35.58) solid performer up 30.4 % since Feb 25
Portfolio Updates-See Original Posts
New Long: Achillion (ACHN $8.73) added at $8.60 for HCV play
Paired Trade: Medivation (MDVN) short at $43, Pharmacyclics (PCYC) long at $38 for 36 point profit. Close trade.
Paired Trade: Alkermes (ALKS) long at $23, Infinity (INFN) short at $48.66
IBB is near recent highs after 3%+ breakout