Sold IBB @ $82.94

Took a small profit in [[IBB]], $82.94.

On a relative strength basis, the biotechs aren’t participating in this rally today. I take that as a bad sign. I bought IBB this morning thinking that it would rally considerably. I was wrong.

Since my original thesis is not happening, I’m also out of:

[[CGRB]] @ $28.30…$28.94 basis

[[EXAC]] @ $30.90…$30.36 basis

[[GENZ]] @ $78.93….$76.73 basis

[[OSIR]] @ 14.95….$14.94 basis

[[NUVA]]  @ $46.68….$47.86 basis

These are positions I took last week on 07/08.

I hate biotechs.

 

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