Biotech Stocks Rally After Brief Sell-Off: INFI, PCYC Update-1 2/25
Technicals Still Rule As Momentum Eases-Reiterate Caution MO favs down: INFI, MDVN, PCYC The Life Science sector is up about 1% after two days of selling on heavy volume. The bellwether ETFs (IBB $145.16) are about 2% off 52 week highs and we do not expect this rally to surpass highs so...
MO Money Moves On to Infinity Pharmaceuticals (INFI $41.10)Up 16%
The BIG money in biotech has moved on to new names like Infinity (INFI) up 15 points since December. In the meantime they are moving out of the big winners from 2012 like Alexion (ALXN $83.4) down 3% and Regeneron (REGN $160) down 2.7% . See previous postings. The tremendous liquidity in this...
Big Money and Celebrity Financial News: Icahn Effect Redux
The Stock Market Realty Shows In case you missed it stocks lately are being driven by hedge funds and celebrity billionaires who tout their positions. The Icahn vs Ackman drama is the latest high profile realty show featured mainly by CNBC-TV. Biotechnology stocks have always been driven by a...
Rayno Biopharmaceutical Focus Stocks: Ones to Watch -ALXN,PCYC,REGN
Caution is Warranted by Technicals Given the toppiness in the biotechnology sector and the stalling of the IBB ($146), it looks like momentum is waning and some MO stocks favored by BIG money are selling off. Nonetheless we have not made any portfolio recommendations other than raising a little...
Sierra SnowBlog: No Big Storms on Horizon for February Update 2/25
Feb. 25 Update No Snow for 8-10 Days Drought article: Thin Snowpack Signals Summer of Fire and Drought - NYTimes.com Snow on the Way -Maybe 12-18 in (Only 8 in.) Storm track variable with ppt levels down a tad. Tuesday still looks good in the Sierras then storm moves South and East with...