Based on ZYX Change Method, we shorted flu stocks. We have now taken profits on all of these stocks with the exception of $BCRX. Our proprietary money flow indicators are beginning to turn up, therefore ZYX Change Method discipline dictates an exit. For performance tracking purposes, we will use Friday’s
We are buying to cover $AVAV. Friday’s closing price is $25.33. Our original short was based on the thesis that drone business has become more competitive and margins are declining while the Wall Street stays enamored with the apparent sexiness of drones killing terrorists. FY2011 defense budget submission creates more
We are exiting $BCRX and $AVAV; please see separate posts for the reasons. We are short on $ACOR with average price of $30.28. Our thesis has not changed in that Ampyra is not a very good drug, although Wall Street has termed it a blockbuster drug. . In the short