Everyone in the world knows that there’s a huge Alzheimer’s catalyst coming up for AXON.  As such, the options are priced pretty crazy.  October options are priced as if $50.

The whole market is looking heavy and the IWM broke below key support. The sector is not going to be able to hold up if this continues but luckily there.

There is nothing to dissuade me that risk on is creeping back into the market as North Korea is fading into the background (for how long who knows but that.

*** David Sobek is a disciplined value investor.  Using models, research, and fundamental data, David devises a value for biotech stocks, buys when significantly undervalued, and sells when significantly overvalued.***.

The recovery continues as risk-on seems to be heading back into the market. Part of me sees this as what I expected in terms of a sell off to test.

We survived the weekend without a nuclear holocaust so I guess that is good for a relief rally. That seems a little misplaced in that the weather has been bad.