June 15, 2009

CONSIDER SHORT SELL ON $AMGN (AMGEN) AND $BBH (BIOTECH HOLDERS)

President Obama in his speech before AMA specifically mentioned generic biologics and anemia drugs. We sold short AMGN around $49.90 and BBH around $90.30. Consider adding to the positions based on technicals.

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CONSIDER SHORT SELL ON $AVAV ( AeroVironment )

At the Paris Airshow $BA (Boeing) announced that it is getting into the unmanned aircraft business. This is a major change and will adversely effect the business of AVAV. Consider scaling a short sell on AVAV.
Please be aware of the high short interest and periodic short squeezes in the name. Consider using this information to add to the position on both up and down moves

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