Updated from May 11 at 1:08 p.m. EDT

The biotech space is volatile and momentum-driven. Just look at what's happened recently with H1N1 swine-flu fears pushing stocks such as BioCryst ( BCRX - Get Report) and Novavax ( NVAX - Get Report) way up and fast. And it doesn't take the threat of a possible pandemic to get the space moving. New drugs and the speculation surrounding them can move stocks up or down by huge percentages in a single trading session.

With biotech stocks, even the most seasoned day traders and investors should proceed with caution. For every biotech success story, there are dozens, even hundreds, of failures. That said, biotech is one sector in which you can literally double your money overnight.

With risk comes reward!

With this in mind, Stockpickr has taken a look around the biotech space and compiled a portfolio of biotech stocks that could rocket higher or lower.

To read more, visit Stockpickr.com.

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