Morning Preview: When A Biotech Plummets, And A 60 Minutes Review

In today’s morning preview we’re looking at the 3 things that are getting a ton of attention on StockTwits. Here they are:

1.) This year already, we’ve watched several biotech stocks spike more than 100% in just a few minutes. And most of the spikes have been sparked by positive drug trial results or government approvals. Today, however, we saw what happens to a biotech stock when it misses on trial results. A company named Prana Biotechnology ($PRAN), which is researching a cure for Alzheimer’s, missed on a key data point and the stock plummeted more than 60%:

Prana Biotech $PRAN Reports PBT2 Phase II Did Not Meet Primary Endpoint in Alzheimer’s Disease $$ http://stks.co/g0S3c

— StreetInsider (@Street_Insider) Mar. 31 at 06:16 AM

Here's what happened to $PRAN after it missed on trial/data points: http://stks.co/s09om

— stefan cheplick (@scheplick) Mar. 31 at 07:39 AM

 
 

2.) It’s Monday and there are several big economic events to watch out for this week. Janet Yellen is speaking in Chicago today, and a huge jobs report is on Friday. Get ready. Here’s a great calendar that was shared on StockTwits late Sunday evening:

$MACRO | US Economic Calendar for March 31 to April 4. http://stks.co/q09dq

— Kas (@jackdamn) Mar. 30 at 09:45 PM


 
 

3.) Everyone is talking about 60 Minutes. They aired two segments last night about high frequency trading (HFT) and Elon Musk. If we had to assign a bull or bear to the two topics the consensus is super bearish HFT and remarkably bullish Elon Musk. We just combed through several of the StockTwits streams like $TSLA and $SPY and we found these messages:

$TSLA Thomas Edison famously said that genius is 1% inspiration and 99% perspiration. So is Elon a genius? I think so. Please comment

— kiran (@kiran_medarapu) Mar. 31 at 02:23 AM

$TSLA After watching Elon Musk on 60 minutes, I feel even more ridiculous that I let this golden goose go at 120 dollars a share.

— Joseph Drago (@Joey_Drago_) Mar. 31 at 01:47 AM

$TSLA Talk about great free advertising on 60 minutes…

— Go Bucks (@DocStoc) Mar. 30 at 08:02 PM

h/t @DumbLuckCapital for pointing out that Musk isn't $TSLA's founder. (first round funding was pre his arrival) Point is still valid.

— Aron Pinson (@MicroFundy) Mar. 30 at 09:35 PM

$spy.. in reference to my posts last night about HFT's. I DO NOT think the mkt is rigged. I just think HFT is front running.

— christopher brecher (@christopherbrecher) Mar. 31 at 07:05 AM

$spy..hft's get access to order flow before anyone else, and that is o.k.? Anyone that's doing hours of research to trade, should be pissed

— christopher brecher (@christopherbrecher) Mar. 30 at 09:03 PM


Tickers: , , ,

blog comments powered by Disqus
StockTwits Blog
  • StockTwits® is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data and structures it by stock, user, reputation, etc. More »

  • Search by Date

  • Join StockTwits