Hi Bio, I took a look at the Short Sales on IBB - the
NASDAQ Biotech Index fund. There's been quite a bit of
short covering in the last few months.
IBB (NASDAQ BIOTECH INDEX FUND)
DATE SHARES SHORT AVE DAILY VOL RATIO
04/03 1,221,626 354,127 3.45
03/03 1,507,527 218,842 6.89
02/03 1,708,058 284,957 5.99
01/03 2,015,477 408,681 4.93
12/02 2,208,889 294,358 7.50
11/02 1,469,184 513,465 2.86
Looks like the Shorties have taken their profits and headed
for other grounds. I know my own biotechs have been doing
pretty well in the last month of so.
Best regards, Tom |
