Weekly thought on $IBIO, $LRAD

Before you read on, please be aware that the analysis below is my opinion only and may include flawed assumptions and inaccuracy of logic; therefore, caveat emptor applies here.  Furthermore, all emphasis (color-coded, boldness, and underlined) on the excerpts are my own.

This is one tough, resilient bull!  SP-500_weeklyJust by looking at the uptrend ever since its ugly drop in the 3rd quarter of 2018, I say it is going to make a new high soon. Unless the “sell in May and go away” becomes a true prophecy for 2019, this bull is still going strong at the moment.

I didn’t do much this week except to close my $CARA call options position to lock in my gain after the price went up the first two days of the week and took a dive on Thursday that took out the Monday low. I closed my position on Friday morning when it failed to bounce.  I may buy back my call options when $CARA  drops back to support between $17 and $18 areas.

$IBIO – This baby fell below 80 cents this week, and I took the opportunity to add some more.  The way I see it, as more and more biosimilars are approved by FDA, the advent of low-cost biosimilars made possible by plant-based technology to substitute the more expensive biologic drugs that are going off-patent becomes even more critical.  This is especially important for countries such as China, Brazil, South Africa, and around the globe outside the U.S. In my opinion, it is a matter of “when,” not “if.”

$LRAD – This one can see a big jump if the company can win a country-wide contract for their superior mass-notification systems.  I’m going to sit tight and wait for it.

Due to downdraft from $LRAD, my port gave back a bit this week.

Current positions (in alphabet order):

Stocks = IBIO  LRAD

Call options = TRXC

Up 24.2% YTD

My 2 cents

From my camera:DSC02505

 



Categories: Daily trading Journal, trading journal

Tags: , , ,

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