Hubert Senters here.
With a winner there’s always a loser. There’s always a winner and there’s always a loser. So when you get a huge clinical trial area and it’s having better response than your drug did then you will go down. Now, I don’t follow with the biotech and stuff per say with the clinical trial just because it’s usually a great way to lose money so I try to avoid it.
It’s the honest answer there because until you get final approve it won’t tell you it’s actually a drug. It may or may not affect your portfolio if you’re longer short that particular equity in the biotech sector. When you’re looking at this stuff just be careful.
And just any good news it’s wonderful if they find a vaccine or a way to beat this thing that would be great. But be careful just betting on that in the equities specifically if they have a good trial like this one had before. Now, it’s going down. Bracket trade regardless of what the news is. Bracket trade and let the thing prove you wrong.
Don’t just speculate and guess like this one’s going to work. It’s going to be the next Amazon. The vaccines going to cure Covid. Just be careful on this stuff. That’s all I’m telling you. Mark Helweg is going to be doing a special webinar the ‘Simple Blue Dot-Red Trading Strategy for Stay-at-Home Traders.’ Tuesday which is today May 19th at 8PM EST. I will HYPERLINK you to the registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
