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Biotech / Medical : Biotech Valuation
CRSP 56.34-9.1%3:59 PM EST
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From: JamesK9/25/2023 5:23:25 PM
1 Recommendation

Recommended By
DewDiligence_on_SI

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XBI at 52 week low. RSI near 20. Looking at prior biotech bears this may be about the worst, considering depth, length and lack of a bounce/uptrend.

I'm continuing to buy in small pieces whenever we get these dives and hoping for the best. Luckily a couple good pops and buyouts has kept me with available cash. A big buyout now would be great. Would love to redeploy at these prices.

I plan on holding till biotech acts totally nutty again like 2020/21. (Maybe a few years)
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