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image.jpg

GILD - love this chart. Looking for a big fall at this point.

Comments

moneymiser21moneymiser21
You dare to *gulp* short biotech? 8/30/15
Tattoo522Tattoo522
Neither GILD nor AMGN really participated in the big biotech/pharma run the first half of 2015, which makes them a like suspect to me (like the big guys were selling those names to buy the little firecracker names). I like both of their charts for shorts. Already own a small number of Sep puts on each. Too scared of that sector to short common. 8/30/15
Tattoo522Tattoo522
(edit) ... makes them a *little* suspect to me ... 8/30/15
vidivicividivici
I'm out if it closes the gap, but I think it will retest (and break) the recent lows in the coming days. I really think most of the biotech sector is ripe for shorting right now based on the charts I have been reviewing. 8/30/15
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