iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Time To Sacrifice Biotech Investors

I’ve just completed my scrupulous Sunday analysis and we are in trouble.

Call your perception of the world into question.  Wipe the fog off your lenses and form an objective judgment of this moment.  Is your favorite coffee shop casting a rich pumpkin spice aroma into the air?  Maybe you’re seeing the wonderful second bloom; trees changing from green to opalescent crimson and gold.

The markets bounced hard Friday—that’s always a good feeling heading into the weekend.  USA football is on the teevee.  All is well in the world of the fat American, the dream is alive.  Fine, let us breathe a collective sigh of relief.  Then let’s put our guard up.  We are still in trouble here.

When you peel back a few layers of this market, like an onion, you expose a rotting core.  One industry after another is being ferociously corrected.  Heading into year-end biotech is the sacrificial cow.  These investors will be killed and their blood spread across the fields to insure the next planted crop.

I’m real bearish and looking for a rally early this week to raise cash and initiate some shorts into.  That is all.  Enjoy your Sunday.

Exodus members – the latest Strategy Session is out.  Get in there and have a look at Section I & IV.

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9 comments

  1. matt_bull

    Well done sir.

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  2. Space_Cowboy

    Accurate & spot on…watch oil/asia futures tonight as algo’s spool up/down. Buy the dip/sell the rip ’till otherwise.

    “The self isn’t constant, but ever-
    changing” – Buddha

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    • Raul3

      I did yoga on the lawn outside the DIA this weekend. It smelled like garbage and urine. I still managed to zen out for a few moments only because the sunset was real nice.

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  3. juice

    “All is well in the world of the fat American, the dream is alive.”

    so true

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  4. pb

    http://www.nytimes.com/2015/10/05/business/valeants-drug-price-strategy-enriches-it-but-infuriates-patients-and-lawmakers.html

    In a free market, this company would never be able to do what it is doing. The article confirms that in stating that it takes several years to get generic version of off-patent drugs approved. I hope this company gets poleaxed into oblivion.

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    • Raul3

      The media is about to have a field day with these drugs, per orders from Hillary.

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  5. pb

    Hillary is just a mirror, same as all politicians.

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