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The resilience of the biotechnology stocks has been highly impressive. As you can see on the first chart below of the IBB, ETF for biotechs, they continue to knock on the door at $110 for a major breakout. Note that while many areas of the market saw deep corrections, the biotechs quickly recovered right to yearly highs. That type of action tells me that this is a sector where fund managers are looking to quickly allocate capital when risk appetite materializes, which means I want to play close attention to the industry.
Below, you will find my best individual biotech ideas. I am currently long QCOR.
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What is your average price on QCOR?
Still have original from $23.69. Been trading around it.
Nice.
Definitely looks great chart wise
Chess I have another follow up question:
Are you still holding your half position in ISRG that you started at $349. How do you feel going into earnings?
nah I sold it after riding it 30 pts
First One’s Free
—- The Pusher Man