BMY-Bristol-Meyers Scribb

 

BMY has 3 FDA events in 4Q18 / 1Q19 for their suite of cancer fighting drugs:

  • ~ DEC27 – Empliciti (Elotuzumab) for cancer affecting blood
  • ~ DEC29 – Sprycel (Dasatinib) for cancer affecting blood and bone marrow (Ph+ CML)
  • ~ FEB28 – CM-227 – Opdivo + Yervoy for skin cancers

 

ScreenHunter 810

On 10/5/18 Entered to play the catalyst with the following risk/reward profile:

  • Maximum gain: Unlimited
  • Maximum loss: $2.72 per share

The actual trade setup and exit plan is available in our members only area.

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Investing in BMY-Bristol-Meyers Scribb

Updated on Dec 30, 2018.

BMY Stock Strategy Review

Bristol Myers’ Cancer Fighters

BMY has 3 FDA events in 4Q18 / 1Q19 for their suite of cancer-fighting drugs:

  • ~ DEC27 – Empliciti (Elotuzumab) for cancer affecting blood
  • ~ DEC29 – Sprycel (Dasatinib) for cancer affecting blood and bone marrow (Ph+ CML)
  • ~ FEB28 – CM-227 – Opdivo + Yervoy for skin cancers

All these are catalysts that may push the stock higher and on the flip side, potentially sink the stock.  Yes, biotechnology stocks are high risk and high reward!  Read on and we will show you our approach that would retain the high reward portion but limit and minimize our downside risk to only a couple of dollars per share or less.

BMY Low Risk Trade

ScreenHunter 810    On 10/5/18 when BMY was trading around $62, we have entered to play the upcoming catalysts with the following risk/reward profile: Continue reading “Investing in BMY-Bristol-Meyers Scribb”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: