As you can see, things are going well. Phase 1 studies are doing great, beat cancer, blah blah blah, presenting at conference, blah blah blah.
The fact of the matter is this: Is this kind of big climb worthy of a plain Phase 1 study? Over the course of a couple of days? This tells me two possibilities:
1. Some big funds are eyeballing this and deciding this is the one to be in so they are piling in
2. This is one big ass momentum play.
Either way: I feel some big moves are possible in either direction. Lets look at it chart.
See something on this chart from before that looks a lot like whats happening now? Yup. This thing is going to probably not start going sideways. Either the momentum players/big fund boys will keep buying or things will crash again like in the end of May.
Who knows? Therefore I am going to purchase a straddle.
My ins:
Having both out a bit protects us from erosion, and if there are big moves to the north or south, we make money.
Stay tuned today for another post on this coiled spring the cubes are forming in and how to make money based on the Decsion of the Fed next Thursday.
About next Thursday? The Fed is going to....
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