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CRAZY Bio Tech Drug stock runs!!!

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YOUNG_TRADER

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18 February 2006
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Am I the only one who just can't believe how hard some of these Biotech drug stocks are running

You've got stocks like PRR and NEU which have run from like 0.003 to 9c I mean what the?????

Then today I noticed IMI and PNO going nuts on ridiculous volume

Take a look at the the 3 most traded stocks today IMI PNO and PRR

While these are all spec stocks the returns they are creating are mind boggling

So the question is which spec Bio tech stock will be next to move up 100-2000% on a gagillion bagillion share turnover
 
YT

These are very tradable.
As is any Small cap that runs.

What you need is a running ticker of volume
a running ticker of Number of trades. For the whole market.
if its on your desk you can pick them very quickly then just buy.

Marketcast used to have it which logged Most to least
Positve and negative. Meaning Positive if its rising and negative if its falling.

I believe WebIress has it in built but Id LOVE to know where else I can get this dynamic feed!
 
yes arnt they silly

would like to point out i hold soome BDM as a park and wait hold , i thought i would mention this as would hate to be accused of hindsight trading after they have run 500000000000000000000%

thankyou
 
nunthewiser said:
yes arnt they silly

would like to point out i hold soome BDM as a park and wait hold , i thought i would mention this as would hate to be accused of hindsight trading after they have run 500000000000000000000%

thankyou
Click to expand...

We wouldn't accuse you of anything...we'd just be camping outside you house waiting for a handout


I too have been interested in Bio / medical stock for a while. I started a watchlist and am reading announcements/doing research every now and then to get a feel for them.

But man some of the upside is totally retarded.
 
It's simple, money is moving out of the resource boom and moving into biotech stocks.... In my opinion PRR & NEU have had their run PNO & IMI haven't finished running i believe another couple %% tomorrow on those 2 x stocks specially PNO with the big american funds buying in.
 
tech/a said:
...
I believe WebIress has it in built but Id LOVE to know where else I can get this dynamic feed!
Click to expand...

I wasn't aware that WebIress provided number of trades - does anyone else know if it does?
 
IRESS provides most of the market data sent by the exchange, it is up to ur broker to broadcast them or not. and i believe total number of trades is something thats provided by IRESS
 
It seems like everyone is getting on to the biotech stocks in the hope of a glorious run like PRR's.

Others include KSX, AVX and SBN which were strong today as well as ACL which has been strong the last couple of days.

Of the quick movers of the bunch I think that KSX may be the best bet - it hasnt run too hard and become over inflated like the others. As theyre all highly speculative I'd be more inclined to jump on and off reasonably quickly to capture just some of the ride (whilst having tight stops as its likely they will come down pretty quick!).
 

I prefer stuff that is yet to move so your not paying up 50% buying someone else out who got in early and punching their profit ticket

That being said, its easier said than done, I am hard pressed to find a decent bio tech drug stock that has not put on 50% in the last few days of madness

Make no mistake though this is a very very risky spec trading game that is being played, not for amatuers or the faint hearted, still the rewards that some have generated have been enough to pull me off the fence
 
YOUNG_TRADER said:
IMake no mistake though this is a very very risky spec trading game that is being played, not for amatuers or the faint hearted,
Click to expand...
Yep, just watch out for when I buy into one of these. It will be a clear signal to bail.
 
kennas said:
Yep, just watch out for when I buy into one of these. It will be a clear signal to bail.
Click to expand...

lol not the South American Tiger!!!! He is the sign for contrarians everywhere, have they caught your attention too Kenna? I have been watching them with astonishment and today was the final straw for me
 
I've grabbed a few OBJ at 0.005

Its one of the few yet to really move

Whoops spoke to soon starting to move, its run base looks like 0.005 and given that IMI and PNO ran from 0.003 TO 1.2c ish they set the mark for where this spec drug company can run to

Make no mistake high risk traders game
 
i used to thrive on the pennies.
i'd watch news announcements like a hawk, it was virtually my only strategy. i became quite good at working out what sort of news would move a stock and what wouldnt, that and DOM, it was a lot of fun.

you'd get these massive spikes, and people would be pilling in taking the price up. i'd be getting ready to close.

i recall on one occassion comsuc held my at market close order for about 5secs before execution, when i was trying to close in a tumbling spike.

lost $1000s in seconds off profit. but that's comsuc for you.

. . . those were the days
 
James Austin said:
i recall on one occassion comsuc held my at market close order for about 5secs before execution, when i was trying to close in a tumbling spike.

lost $1000s in seconds off profit. but that's comsuc for you.
Click to expand...

Yes. I've lost thousands for the exact same reason. Can't believe it took me so long to change to a real broker.
 
MS+Tradesim said:
Yes. I've lost thousands for the exact same reason. Can't believe it took me so long to change to a real broker.
Click to expand...

i heard a rumor that they try to match trades with their own customers, which slows things down sometimes,

dont know if this is possible or even beneficial, just a rumor.

JA
 
James Austin said:
i heard a rumor that they try to match trades with their own customers, which slows things down sometimes,

dont know if this is possible or even beneficial, just a rumor.

JA
Click to expand...

Its 100% TRUE

How do I know? Well I have been sitting in the que before behind heaps of other orders yet sometimes I get volume, I queried a broker mate on how this was possible and he said just like proper brokers do on mkt crosses CommSec do in house crosses I think its perfectly legal

I have taken alot of profits on OBJ but am still in there with a few as it may run further, I know its hard to say but Tech or Kenna you got any chart views?
 
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