momo-T/FIF Message Board

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Biotech / Medical : momo-T/FIF

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To: tuck who wrote (10635)	4/13/2016 4:57:59 AM
From: Robohogs	Read Replies (1) of 12215

The targets off of the 90% above 50 day for SPX and 5 weeks up 1% studies both suggest average of 2070-2075 this weekend. The seasonal study says 2120 by month end, up 3% vs 0.1% so far month to date. Most importantly we ate tracking the upside from both studies and bth have materially higher targets further out, like 2300 next March. A break of the yrading range up targets 2400. Everyone is underinvested so possible on supply/demand. Issue is valuation. If one extends the SPX study to IBB where % above 50 got close to 90% at the rcent high, that might suggest 290 or so as a target in 2-3 weeks. Since IBB is high beta, I might stretch that and say 295 or even 300. If we hit 2100, then I might say these targets are likely.

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