[pcabc]

I agree pcabc, but Stan said the exceptional winners breakout after having big runups like SRNE. With that in mind I'm buying partial positions.
bought 300 at 17 today
and will buy 300 more if it drops $1 etc
building up to 1200 shares
but if market averages turn bearish (nasdaq below 150 day ma) or if SRNE breaks trendline from recent rally ($14) and heads for 50 day ma, I'll dump it all

I've not been through the turn to a proper stage 4 market. The UK definitely had a wobble in 2014 and I was loosing money churning through picks that failed. Although the stage analysis is fairly mechanistic there is still some room for judgement. I can see your position. Truth be told I am fully invested and if I weren't then I can't honestly say whether I'd be sitting on cash rather than seriously looking at some more positions.

I put a number of biotechs into my screener last night. A few buys can be picked out, good ones like you have but I also have a lot in stage 4 or perhaps turning to stage 1 or in stage 1. I don't know whether that is significant, they might or might not be small caps and I don't know how much that should influence things.