Today, the network consists of about 30 highly experienced traders/analysts/hedge fund managers sharing their thoughts and flow troughout the trading day. Currently, some share more than others but I'm hoping that over time that too will change.
For example, AMAG Pharma (NASDAQ:AMAG) was pressured by heavy selling today due to concerns regarding a panel review on an iron-replacement treatment Ferinject, a competing treatment to AMAG's Ferumoxytol drug (expected in 2nd half of this yr).
Around 12:57 PM E.T. the NCN got word that Bear Stearns was out defending the stock intraday. The following call was distributed to the members:
- AMAG defended at Bear Stearns saying the FDA's concerns are INJECTAFER SPECIFIC, and should have no read-across to AMAG's Ferumoxytol -
Depending on one's entry and exit, gains of up to 7 pts were to be had as AMAG staged a nice bounce off the lows.
This is just one example of the 50+ calls flowing through NCN daily (Not all are as good as AMAG! We all have bad days and make bad calls). We're all about synergy.
Want to be part of NCN?
It's easy. Just shoot me a brief email that includes a short description of yourself and your AOL nickname.
Please do note that contacts via IM are limited to people with:
- 3+ years of trading experience
- Access to quality research/analyst commentary
- Ability to generate and share (intraday) trading calls
I will not accept contacts from purely technically oriented traders, penny stock fans or people who have less than 3 years of experience in the field.