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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Spekulatius who wrote (9158)8/8/2000 12:23:43 AM
From: oldirtybastard  Read Replies (2) of 436258
 
"My guess would be a new biotech rally."

Any idea on catalyst(s) for this, or will this be the "buy what everyone else is buying and sell what is being sold for whatever reason biotech play?"

I had intended to stay short some biotech positions but the price action seems to indicate that people want to buy them, as there is nothing else left to buy. I am pondering what it will take to rally the SOXX, I'm pretty sure some of the wrong ones are being sold off, but no other buyers seem to agree with me.
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