Good for you. I closed out my BBH long position in the 85-91 area, and am still waiting for lower prices to reestablish my long position, and today BBH broke above resistance. And this move on the chart is supported by the fundamentals (good news recently from several big biotechs, as you pointed out). So we may have a run on the upside.
I won't chase it, though. The impending war, and earnings season, is going to mean increased market volatility in the next couple of months. The biotechs always move with the market, and with higher volatility, no matter what the industry-specific news, so I may still get another chance to BuyTheDip. Looking to buy BBH at 80 and down. May up that to 85, if 80 doesn't happen in the next month.
Good luck. I will post here my buy/sell plan and position in BBH, and I hope you will also, and anyone else here who has a position (and an opinion on medium-term movement in) the sector. |
