Healthcare is the worst performing sector on the session, currently trading about one and a quarter percent lower. The bulk of the selling is taking place in the home health care industry with hospitals not far behind, but we all know which industry is really to blame here, yes? Investors are being spooked out of those bastard biotech stocks.
The industry, as tracked by IBB, is heading into the close near the low of the week. Despite shrugging off weakness Monday, it appears the polytetrafluoroethylene (Teflon) surface of this cancerous industry is wearing off.
The industry is swirling with allegations including their hot, 30-year old female Steve Jobs being thrown under the bus AGAIN by The Wall Street Journal.
The hubris level peaked this week, prepare to see all the weak hands flushed down the shitter and back to their home—living with the penguin.
Guess what? This Friday is the 13th (extra Hitchcock) and the grim reaper will be out for biotech bull blood.
The bloated healthcare sector is leading to the downside here. Their unicorn, the biotech industry is standing broadside in an open field, and I am perched 30 feet up with a sniper rifle ready to put fifty calibers in its chest.
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Soooo….you’re bullish?
I am in BIS, leveraged biotech short
sorry. my poor attempt at dry humor.
Raul, you reside in the land of Ted Nugent and Fred Bear. All hoofed beasts shall be harvested via bow & arrow. https://youtu.be/nMSaQCp6xlc
I wonder how high the fences are at the Y.O. Ranch?