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Non-Tech : Kirk's Market Thoughts
COHR 191.72+0.2%Dec 26 9:30 AM EST
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To: Kirk © who wrote (18236)3/12/2024 6:01:43 PM
From: Sun Tzu1 Recommendation

Recommended By
Kirk ©

   of 26873
 
Ideally I want it under 80. That is where the bulk of my GTC orders are targeting. And now that I see your chart, that also happens to be what it targets.

Biotechs are meant to lose money. That is the nature of that game. You are essentially playing a VC game; 7 in 10 will lose, 1 in 10 breaks even, 1 does well, and 1 in 20 does great. So you need to cast a wide net and weed them out frequently.

I wish XBI was cap weighted and rebalanced monthly (with nothing > 5% and no 20 > 50%). Then I'd have no problem buying and holding it.
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