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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (18236)	3/12/2024 6:01:43 PM
From: Sun Tzu	1 Recommendation Recommended By Kirk © Respond to of 26871

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.