Friday, January 7, 2011

Time to Buy or Sell XOMA

XOMA, a biotech, has been around a long time, and has seen dizzy heights and very low lows. In the last few weeks it received some positive news and jumped from a dollar or so to over $7, a true five bagger.

Today, it dropped to below 6. Biotechs are known for big moves, but this is ridiculous. Keep an eye on it. It's very likely to explode again after it settles.

Disclosure - no position, but looking at it.

Thursday, January 6, 2011

Rare Earth Metals

Don't know anything about Rare Earth Metal stocks? That didn't stop anybody else from buying. Momemtum is the key to this trade, and the momentum is gone from these, at least for the moment.

I sold, and you should too. You missed the five bagger on this one if you are getting in now.

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Disclosure - No position as of posting date.