SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Art of Investing
PICK 49.91+1.0%Dec 19 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jacob Snyder who wrote (3468)1/28/2022 4:28:04 PM
From: Sun Tzu1 Recommendation

Recommended By
Jacob Snyder

  Read Replies (3) of 10709
 
I don't know where the support for the biotechs will be. There are a lot of places on the long term chart where the support resides, and they are pretty much about 10 points apart.

What I do know is that the prospects for the biotechs, especially the genomics and computational biology is great. I am assuming that they are caught in the downdraft of anything without profits should be dumped. As a result many are cheaper or about the same price as they were in 2019/2020. This combination of future prospects and valuation makes them a compelling buy to me right now. I am just not maxing myself out so I can take advantage of rebound whenever it comes.

My plan of action goes like this: Buy the biotechs right now. Hopefully they will keep falling and I will double for every 10 point drop. When that cost averaging shows a profit (or the 21 and 55 EMA point upwards) a bottom has been reached and I will double down a final time. From that point on I will just wait until the sector comes into favor again.

Biotech is not the only area that I am going to apply this methodology to. The same goes for fintech, but it is trickier there b/c there is not as much of a track record. You have to be more selective there than with biotech, and that is really saying something <g>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News