NLNK- This was the big biotech runner Thursday and Friday. Up on good news, and sector is hot right now. I will be watching this for a gap down to short and risk G/R. Or if it morning spikes or holds G/R, I will get in on the 1st bounce of a G/R crack, and risk the previous high. If the market is up, and biotechs still look strong I will be very patient, and only short if the action is perfect.
KURA- Another biotech like NLNK. Same plan. Short a gap down risking R/G or if it stays green short the 1st bounce after a G/R crack. It is somewhat of a low float(12M) so it can fall as fast as it spiked.
ONS- This low float biotech company spiked on good news. If the whole biotech sector stays strong I will be looking to long this on an intraday ABCD type setup with good risk vs. reward. To go long this stock must be able to hold its gains in the $2 area then start curling up towards a breakout. If biotechs are still up and volume stays high then this one can run just like the others. On the other hand if things look weak this can be a good short opportunity too. Due to the hurricane the market may be down tomorrow so if that's the case and this stock is dragged down with it look for a gap down to short risking G/R. It's always good to have two plans for a stock that can go either way, and do not be biased long or short.
AVEO- I will be watching this stock this week for a 1 year breakout of $4.24 to go long.This stock has a nice one year chart, and it is forming a cup and handle on the daily which is a bullish pattern. This might take a few days to setup so I will be patient for the break or it might not happen and it will be a no play for me.