I have been trading biotech stocks for over 10 years and it's my specialty. I am a Biorunup (BRU) member, lurker on Sheff Stations board, and follow all of the top biotech names on twitter. Less than a year ago Brett was a newbie trader that would show up every day in the BRU chat room. While I never interacted with him directly, many of the seasoned traders in chat helped him and offered advice. I think many enjoyed helping him because he was so young, naive and eager to learn. Brett was so strongly motivated that he started his own biotech trading blog. After several months I noticed some BRU members making snide comments in the chat because Brett was publishing their ideas or the BRU trading game plans from Mark (Mark and Mike are the founders of BRU), he even plagiarized an options article almost word for word (several people on twitter publicly called him out). Shortly after that scandal, Biorunup and Brett parted ways so that Brett could pursue his dream of starting his own sub based trading website.
I have followed @Rabbittrader who then changed his name to @Bsiflingtrades on twitter out of entertainment since he left BRU. I must say he is a student of Mark and Mike and the BRU community so he learned some important trading skills. The rundown (he recently failed to apply it to SRPT) and buying dilution before a catalyst (EXEL is a recent example), and not setting hard stops are a few widely known techniques.
All of the run-up style bio traders trade the same catalyst stocks. The key difference is which companies to avoid or buy and the timing of an entry. I began noticing that many (not all) of Brett's trades especially initial entries came surprisingly close to Mark or Mikes buys. Mark is a buy and hold swing trader who trades the more mainstream bio's and Mike is very good at discovering little known or obscure biotech's that no one on twitter has ever mentioned. It struck me as peculiar when Brett would tweet that he bought one of these little known stocks within minutes of a Private BRU trade alert.
A few days ago a disturbing image was circulated on Twitter from someone that knows Brett or was involved in his chat room.
Here it is: http://i48.tinypic.com/124ep1u.jpg
This compilation shows examples of how some of the friends Brett made from his time at BRU were leaking him trades and entries. I found this troubling as Brett likes to portray and market himself as a young biotech guru and overall trading expert. Even worse Brett is asking these "moles" to enter the BRU chat room and directly ask Mark trading questions. Biorunup has over 1K members and when a trade alert is sent out, volume will come into the stock as subscribers take entries. Brett is well aware of this and I found it alarming and dishonest that Brett was trying to cover up the fact that he was copying trade entries by using the volume excuse.
One of the trade leakers that was exposed admitted his mistake and offered his apologies to the BRU chat room (interestingly this same person was defending Brett in a negative review below). I have yet to see Brett publicly address the trade stealing issue. I echo another reviewer who challenged Brett to post all of his chat logs publicly. I have witnessed Brett claim on twitter that he is fully transparent but it does not appear that way. If you are considering paying him any money you should also expect him to address these serious moral issues and demand a look at those chat logs. If he is stealing trade entries how can he be trusted to run a trading website where he is supposed to be the Guru? Biorunup and Sheff Station are successful because they have years of experience knowing what stocks are most likely to run up and when it's appropriate to enter them. From my personal experience the due diligence required to pick the right stocks is extensive and Brett was stealing that (of course he has some positive reviews as who dosen't love the free BRU trade picks?)
As to Biostocks.com, Brett trades the stocks that are hot and "in play". The stocks that are hot on twitter are usually in play because one of the two major trading groups are in them (Biorunup or Sheff Station). Brett's weekly watch list will likely contain these stocks because the run up starts (twitter chatter) when one of these groups decides to open a position. Ironically as I was typing this review Brett purchased SCMP for a run-up because Sheff Station bought. Why pay for Bretts service? just follow Sheff Station for free. I have been reading Brett's weekly watch lists and there really is little substance, no unique insights that would make me compelled to pay him anything. I follow all of the top biotech traders on twitter which is where Brett gets his trade ideas from. Why would I pay Brett to filter that information for me? No thank you, I can follow these traders myself for free.
If you are reading this review than you are probably new to trading biotech stocks so I will save you the $300 membership fee with some free info:
I can guarantee Brett's watch list will likely contain the top biotech stocks from here: http://stocktwits.com/signals/heatmap#Healthcare
You can also visit Sheff Stations website here for other "in play" biotech stocks: http://investorshub.advfn.com/boards/board.aspx?board_id=9413
You can find your own run up trades using a free FDA calendar website: http://www.biopharmcatalyst.com/
Here is what you do, open the PDUFA calendar and find a catalyst 2-4 months away. Check Sheff stations website and the stocktwits heat map. If there is talk about them, then it is probably safe to say it will run up. Sell before the catalyst. Now that will get you started and you will probably make money.
If you want more insight then I recommend other premium sites ( I am a lifetime member of Biorunup) and urge you to skip Biostocks.com Learn to trade from actual biotech gurus with years of trading experience.
Brett is a rookie trader with some serious moral issues that need to be addressed. In light of his recent scandals he needs to prove to the trading community that he can be successful using his own research and ideas (another review mentioned that he was a "me too" trader). From what I have seen his very own trade ideas have ended in disaster (SRPT was not his trade, that was hedge fund manager Martin Shkrelis pick from twitter). His trading experience is limited to the recent bull market when almost all stocks have ripped and he was tipped off as to which stocks to trade. If you decide to subscribe to Biostocks beware that Brett has only limited experience and it comes from a raging bull market where almost everything is going up. The good times will end...eventually. Good luck and remember to always be skeptical.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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