Hey,
I am trying to invent my own trading of bio-tech companies, trying to ride on the huge volatility , over reaction of news or pumps, with no success. Does anyone have trading idea for bio-tech or known algo steps /articles I can try to implement ?
Thanks,
Honnestly just watch news on trials (sadly no urllib etc on Q), and get the good and bad news. Good often means 15-50% up, bad can mean 15-50% down. Higher returns or failours can occure for smaller companies. The trial results are the important bit. And its not overreaction. If a multi million dollar trial for a small company give bad results, it can be years of setbacks. So things like a 50% fall is a natural reaction from the market.
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