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>> Momentum on the downside. It failed the Upside Trend
Line Break. Where it stops is anyones guess. I still like 2900 for a bottom. It'll probably
level out before that. 3345? Momentum will dictate. <<
Not addressed to Ray..... for those newbies out there who might stumble across the thread...... if you're the type to stay off of margin, and you want to go for biotech with some downside protection, one might want to look at baskets right about now. There are some big bargains in the sector, IMO. These might be among those to consider......
MLNM, VRTX, NBIX, NRGN, MAXM, VPHM, NBSC, BTRN, SEPR, VIRS, ITMN, and NPSP.
These are investment quality companies, IMO.
Disclaimer: I own a lot of them, get your own opinions. |
