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Biotech / Medical : Biotech & Pharma.T.A,
BIB 83.12-2.1%Jan 30 4:00 PM EST

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To: Miljenko Zuanic who wrote (3228)4/29/2015 9:51:08 AM
From: Jibacoa  Read Replies (2) of 3722
 
Re: BIB

The BIB had on Monday the largest dip since March25,
and probably as much, % wise, as the one on Dec23 <g>
bigcharts.marketwatch.com

Part of the problem is failure of PIIIs on small caps, like CLDN this week.
Another factor is that the sector has been on a srong up-trend since it started inJan2012 from the 17 level,
to the H of Mar20,that has been > 1000% gain.<g>
bigcharts.marketwatch.com

The question now is wether will see a prolonged dip as in Mar2014, especially with the pressure of recent IPOs of small companies on the sector. Will see how GILD earnings report comes out, which is trading down again this morning, but it still holding its up-trend on its weekly chart. I would consider buying on a break through resistance at 108 and buy more above 118 <g>
bigcharts.marketwatch.com
The problem is that the analyst are already expecting for it to report $2.32 a share for the quarter, about 57% > $1.48 last Yr., and could find problems if it misses by a few pennies. <g>

Bernard
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