I am a little torn about the trading yesterday. On the one hand, it looks like a washout low with a reversal, which is really good. On the other hand, if we cannot continue that momentum and move significantly higher that might only be a small respite for another move lower later this month. Remember […]
January 13th Biotech Update
JPM week starts with some deals, some potential deals, data, pre-announcements and most importantly I think a disappointed investor sentiment. I think there is enough to not be a true bust for the sector, but I also do not think there is enough action to really generate enough interest in the sector. It is still […]
January 9th Biotech Update
The sector has recovered a little but I would not say that it is anywhere near a really great place. We have moved from the edge of disaster and are more clearly within the trading range that seems to have developed. As I noted before any trading or movement this week can very easily be […]
January 6th Biotech Update
We are now making our way out of holiday trading and into what I would say is the first real trading day of the new year. I still think the sector trading will be focused on the upcoming JPM meeting next week and so whatever happens this week can change dramatically next. The key is […]
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