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Strategies & Market Trends : Value Investing

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Jurgis Bekepuris
Mattyice
To: Jurgis Bekepuris who wrote (53710)4/8/2014 11:32:55 PM
From: Spekulatius2 Recommendations  Read Replies (1) of 78595
 
I have seen some bubbles and crashes with biotechs and I doubt that we are at the bottom. Bubbles are usually short but bear markets take months and years to play out. It's a tough field, with many losers and a few winners. Unless you have intimate knowledge, both are very hard to tell apart. I suggest reading up on the Biotech Value thread in SI, which has many posters that have demonstrated knowledge over the years.

Short of that, stick with Biotechs that have proven themselves like CELG or GILD, if those baby's get thrown out with the bathwater.

FWIW, the best contrarian indicator is that I get many pitches from Etrade for IPO shares nowadays. Many of those are for biotechs. As a group, those Etrade pitches are probably good shorts...
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