Crux wrote:

Question For Dave/Hari/Pete, do you guys try to avoid swinging biotech stocks for exact reasons situations like ALT? Or is it just part of the game. I hadnt really thought about this before but it makes sense that a biotech stock is more likely to have a wild 50% swing that say AAPL would

That is why I do not swing biotech. They are very prone to news. I am not a scientist so I would have zero to go on apart from the technicals. GS has researchers who know the potential and I can’t compete with their fundamental research. They have clinical trial updates and I have no way of remembering those dates. They are also cash furnaces and they have to issue stock all the time. I will day trade the heck out of them, but I do not like to swing more than a CDS based on short term momentum.

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