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A Monday Biotech Trading Primer Following Friday's Scary Selloff
FYI: I will be watching IBB very carefully, especially at the open. I have a big stake in FBTCX and may take profits before the close of the day. I will also be watching the general healthcare sector movement today, and might cut back on PRHSX. Regards, Ted http://www.thestreet.com/print/story/12539820.html
this is more quarter-end positioning.. should subside after this week. large pharma also suffers today, not just biotech. actually, all momentum stocks are down and there is a rotation from growth to value underway, with banks (the cheapest LC in S&P) benefiting the most.
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