Friday, June 8, 2012

Friday Afternoon

SGEN Daily Chart (11:35AM)
Seattle Genetic is a biotech and I don't usually do biotech.  I saw the CEO on MM early this week and mentioned it on the blog but did not follow up.  The company says they have a series of drugs that target cancer cells and do not harm healthy cells.  (That's as biotechie as I get.)

I liked the sales pitch and like the chart even more.  Nice volume this week and all green candles.  No position.  (Darn it.)