Biotech got jammed in the woodchipper after Shrillary Clinton decided she hates drug companies. This heinous and odious soul needed something to get the topic changed from her many shortcomings. Umm, doesn’t this dimwit need to be elected first? So there’s that too.
Anyhoo, I still don’t like the bio’s even though I’ve bought these types of dips every time in the past. Yeah, IBB can pull a ripper to the upside on an oversold bounce, but the uptrend cracked today and did so on spectacular volume.