Opinions
Jeff Parent B. Eng. FCSI CIM
Alexion Pharmaceuticals
ALXN-Q
TOP PICK
Mar 09, 2007
Top Short There's a small problem with this stock. Around March 20 they are going to be releasing some news that might have major influence on the stock. Had a very long base around $34 and thinks this is where the stock is heading. Volumes are not large. Use a $1 trailing stop.
$37.080
Stock price when the opinion was issued
biotechnology
pharmaceutical
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COMMENT
Biotech can be a big win or a big loss. A lot of companies have binary outcomes, their product either works or it doesn’t. This company recently had a significant disappointment. US investors are not very sympathetic to these types of situations. They shoot first and ask questions later. If you want to own biotech, he would suggest you own a tech with lots of different products, or buy an ETF that gives you a basket. This one is a broken stock.
biotechnology
pharmaceutical
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