I’ve had my eyes on Biogen (BIIB) for a while as a short, but I was too slow on the trigger. For those more patient than me (AKA everyone on the planet), it’s worth a look.
Long-Term Biotech Short
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Tesla’s Troubles
I didn’t even think it was physically possible for an investment bank to issue anything less than a “Hold” on a strong from one of their analysts, but evidently Tesla (TSLA) has received a downgrade to Sell from no one a body than JP Morgan. I pointed out the vulnerability of this stock earlier, and since only December it has lost nearly 30% (!!!!) of its value.
Wake Me When It’s Over
For me, trading this market has morphed from an electric thrill to a tepid bore. The reason is simple: the nonstop threats/TACO cycle is exhausting, and making trading decisions that can be upended by the unhinged whims of a single man isn’t my cup of tea. It’s “Chinese trade talks are going well” all over again.
You can see the market’s bewilderment by way of the /ES grinding away with absolutely no clear direction for days on end…………
Ceaseless
Considering the precipice our toes are all collectively poised over, it’s bizarre that as I stand here just before the opening bell, the entire market is essentially unchanged.
Over the three-day weekend, there have been three mains on the /ES chart:
Failure to Launch
