Posted by ridgetopab on 17th of Feb 2021 at 01:00 pm
XBI correction continues
blow off top? into 5th day of decline and holding 30MA for
now
possibly the industry sector with least number of profitable
companies ( <5% +/-)
fund ownership very high in many names in XBI so exit will be
crowed trade and some funds appear to only hold biotech, guess they
missed the classes on portfolio management
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XBI correction continues blow off top?
Posted by ridgetopab on 17th of Feb 2021 at 01:00 pm
XBI correction continues
blow off top? into 5th day of decline and holding 30MA for now
possibly the industry sector with least number of profitable companies ( <5% +/-)
fund ownership very high in many names in XBI so exit will be crowed trade and some funds appear to only hold biotech, guess they missed the classes on portfolio management