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Shorting An Over-hyped Biotech Stock - Intermune (ITMN)

ITMN
Date: 
Friday, March 12th, 2010

Shares of ITMN almost tripple over the last 5 trading days. Most of this speculation is over the FDA panel that voted in favor of approval.  Note that this is not an actual approval, but just a recommendation.  The company's stock price has jumped a mind-boggling 170% because of this announcement, which started the move on Friday of last week.  Headline news reads something like this, "InterMune shares, meanwhile, soared to $38.03 on news that an advisory panel of the U.S. Food and Drug Administration had voted Tuesday to recommend that agency approve its new pulmonary drug pirfenidone."

SWC took a huge beating over last 7 days as Palladium went from $470 to $410

SWC-GIANT PULLBACK
Date: 
Thursday, January 28th, 2010

SWC has followed the path of Palladium, retracing much of its recent gains. After reaching a high of 14.30, it has pulled back to the 10.70 level-- A huge pullback.

Nothing, absolutely nothing fundamentally has changed with the dynamics and prospects of supply and demand in palladium.

This is an opportunity to buy with both hands, in probably one of the most undervalued companies in all of the stock market. Don't be shy, take advantage of the folly and foolishness of crowds that act without reason and follow the mass mentality.

McClatchy - MNI 5 Bagger So far

mni
Date: 
Wednesday, January 27th, 2010

People thought we were crazy for buying MNI at $0.86. Even we lost conviction in our own trade. Now the stock trades at 6.00 + per share, making a nice 5 bagger in the process.

Never doubt your convictions when you see an opportunity that makes sense. Sometimes a trade like this takes patience and a little bit of time to work out. The wait is well worth it.

here is the trade: http://dev.stockwolf.com/buy/mni/.86/07-22-09

Geithner to answer critics on AIG bailout secrecy

Date: 
Wednesday, January 27th, 2010
Treasury Secretary Timothy Geithner will face fresh questions Wednesday about transparency and his ties to the Wall Street banks he helped save when he testifies before a House panel about the bailout of American International Group Inc. He is unlikely to reveal much.

Lawmakers want to know why Geithner approved decisions that sent billions of dollars from the AIG bailout to big banks like Goldman Sachs Group Inc.

Palladium Target $2000 ($SWC $PAL $PALL)

swc
Date: 
Tuesday, January 19th, 2010

($SWC) While this article is being written, Palladium is trading over on the Comex at a spot price of $460 per ounce. In previous articles it has been highlighted just why this is indeed a truely special situation. We have a growing palladium deficit, and the metal is truly one of the most undervalued of its class.

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