Posted by DigiNomad on 14th of Mar 2024 at 01:18 pm
Does the election year dynamic bother you at all when it comes
to XBI? Pharma typically gets crushed right about now and
biotech not far behind....easy political targets. This year
might be different since there are going to be zero debates for
Prez and they are both set to be lame ducks..but it's not just a
presidential election.
They are also HEAVILY dependent on capital markets and Gov
for funding. I have PhD clients in the biotech sector who might as
well change their titles to "grant writer"...because it's what they
are always doing.
I am currently long LABD.
I am paying attention to XBI here. Curious what you ...
Posted by EdZ on 14th of Mar 2024 at 12:45 pm
I am currently long LABD. On the Daily it looks like XBI want to come down to the 50 dma.
Does the election year dynamic
Posted by DigiNomad on 14th of Mar 2024 at 01:18 pm
Does the election year dynamic bother you at all when it comes to XBI? Pharma typically gets crushed right about now and biotech not far behind....easy political targets. This year might be different since there are going to be zero debates for Prez and they are both set to be lame ducks..but it's not just a presidential election.
They are also HEAVILY dependent on capital markets and Gov for funding. I have PhD clients in the biotech sector who might as well change their titles to "grant writer"...because it's what they are always doing.
Well it does now. :-). and
Posted by curranjohn on 14th of Mar 2024 at 07:05 pm
Well it does now. :-).
and I also see Matt’s post that XBI closed on the STS system.
Still, I think XBI is interesting here.
Thanks EdZ. I'll be patient
Posted by curranjohn on 14th of Mar 2024 at 12:51 pm
Thanks EdZ. I'll be patient here as I start accumulating on dips.