Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, September 3, 2008

Biotech update

This is for tony I guess. So.... this is trying to break down. I'm surprised today that it's not breaking down, like many things.
We don't want it to go to the 67 level.... and As we have heard from Michael Farr and Goldman Biotech is a "Buy".... Sounds like valuations are good?(ok Goldman said Healthcare)

obviously it's still going to 60.... but as I said, I'm surprised it is so strong today.

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