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Changewave Biotech Investor [May]

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How to Review Biotech Clinical Data

reading a book

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 As the move continues to go up here on the  daily dia chart, I have some time on my hands. So  I got a book.  Off of an  over sold RSI, and a contracting ATR i guess this move is going to be somewhat profitable if u got in on the 11th or so. The news remains mixed. I dont see the white hats able to do much here, they have commited the words and cash. We  know what they have the ablity to do. Check out Cali realestate if you have nothing to do. I have a book, and until this works itself out. im out and reading , later looking to sell and let it run.

Not long but not wrong

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    Well the Dia Daily is showing it wants some up action as the ATR or range action continues to contract.  But their is some overhead resistance that may take time to get thru here if it wants higher. I have had no other signals to trade and I know that rallies in a bear can be very attractive for some to play.  But I remain  in the bear camp for now. The news is very neutral, not enough to push it thru the overhead, not enough to pull it back down. What to do? Nothing!

Re-cap and next move

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  The Dia trade was not such a bad trade. It made a few pennies. But more to the point it was a poor signal. I saw a possible entry to sell made on 3/25/08. The ATR contracted, that is the bar for that day was well below avgerage. The RSI was over bot and we had a nice formation to sell into. What went wrong then? The price action continued to contract. That is the ATR narrows and the avgerage drops. Here we had the previous week an expanding ATR and then it narrows on the decline of the price action. This is not what I wanted to see.

Insider Buying in Biotech Land

WallStArb's picture

Job Market

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Great funny video

Stop loss

Out in the chop. Placed Stp. to close to the action. Spooks me everytime, the contraction in ATR going into the move.  Now I sit  and wait.best to you and yoursryeone

Cancer stock drivers

The biggie is ASCO in Chicago May 30-June 3, 2008 http://www.asco.org/ASCO/Meetings/ASCO+Annual+Meeting Their abstracts will post on line May 15. Members only? April 12-16 AACR Cancer San Diego http://www.aacr.org/home/scientists/meetings--workshops/annual-meeting-2... 2008 Breast Cancer Symposium September 5-7, 2008 in Washington

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