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The Biotech Trader Handbook (2nd Edition): A Fast, Simplified & Efficient Guide to Potentially Generate Outsized Returns in Biotech Using Options (for the non-scientist) Paperback – February 24, 2010
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That being said the book does do a decent enough job explaining what it does have chapters on including analyzing the cash positions of a firm and creating trading strategies around a specific bias. Unfortunately it never goes into how to exactly establish the bias via explanation or case studies.
Finally the author alludes to many possible potential short term trading opportunities such as a tendency for stocks and volatility around or after a specific announcement, but never elaborates on any. A chapter on this alone would've been worth 10x the price.
Mr Pelz has done a pretty good job with this one but it's only HALF COMPLETE. If the author reads this, please contact me!
I was also disappointed by the lack of real world examples. The book ends with 2 examples (really - only 2) which are poorly described. Compounding the poor description however, is the fact that they are just fictional constructs. Given how much experience the author apparently has, one would have thought it would be possible to come up with many examples of actual situations that could illustrate his approaches.
I think that someone interested in learning about these methods might be better served by something like The Bible of Options Strategies together with some research on how drug development works (plenty of free resources for this). Then spend some time paper trading strategies to get an understanding for them.
The author does assume you have an existing knowledge of options, and he tells you this early in the book. If you do not have an indepth knowledge and understand of options and the different option strategies (which I did not) I still highly recommend this book. Then do like I did and find a separate book that simply deals with learning to understand options.
If you are like me though and are thinking about focusing on biotech investing, or perhaps are already investing in biotechs, and want to learn how to improve your results while hedging against the risks... then I highly, highly recommend this book. I definitely feel it is the best investment I have ever made on the subject of investing in biotechs.
One last comment, to those reading my review: I have absolutely no connection with the author, the publisher, or any other associated party related to this book. I am simply an individual investor that was, and is, trying to continue to advance my knowledge and improve my own investing skills. I simply came across this book on Amazon, while looking to see what books were available on biotech investing.
Most Recent Customer Reviews
Active small cap bio stocks trader for years myself, I became %100 better after reading Tony's work. Read morePublished on March 9, 2013 by junkbondtrades
This book is extremely simplistic: anyone who finds it the least bit informative should stick to buying index funds. Read morePublished on November 19, 2012 by H Roller
Mr. Pelz has written a fast paced guide to understanding confusing world of Biotech and the very confusing world of options. Read morePublished on September 5, 2011 by VoraciousReader
I my profession I try to understand the meaning of the words that surround me, to digest and implement new information, and act on it preferably by changing may behavior... Read morePublished on April 9, 2011 by ROMANWAF
It is very detailed technical guide for people without too much knowledge about biotech sector. However, this book is really matched for its title: HANDBOOK, by which one can... Read morePublished on November 27, 2010 by Joshua Zhao