IBB / / most biotech stocks

Deleted Deleted Member Posts: 0 Apr 24, 2024 22:07:25 GMT	IBB / / most biotech stocks Aug 2, 2019 15:00:49 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Deleted on Aug 2, 2019 15:00:49 GMT Not much ever changes in this sector - IBB sucks and most of the stocks are no different. Has to be the shorts/hot money traders, pulling this off. C L

highskier
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IBB / / most biotech stocks Aug 2, 2019 17:41:20 GMT icemandios likes this

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Post by highskier on Aug 2, 2019 17:41:20 GMT

Perhaps. Backing away from the chart may show a different perspective. The volatility has been decreasing and the trading range has been tightening since early Jan 2019. The index traded above the 50 EMA, then below it, then above it, and now below it. And the 50 SMA, 100 SMA, and 200 SMA are slowly becoming one. How much longer will this lackadaisical trading continue before a big move?

lookingforatenbagger
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IBB / / most biotech stocks Aug 2, 2019 20:15:35 GMT

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Post by lookingforatenbagger on Aug 2, 2019 20:15:35 GMT

Aug 2, 2019 17:41:20 GMT highskier said:

Perhaps. Backing away from the chart may show a different perspective. The volatility has been decreasing and the trading range has been tightening since early Jan 2019. The index traded above the 50 EMA, then below it, then above it, and now below it. And the 50 SMA, 100 SMA, and 200 SMA are slowly becoming one. How much longer will this lackadaisical trading continue before a big move?

I wish I knew, but with Trumps tariffs, threats of tariffs, and opening the US to Canadian drugs or worse the dems price controls, it doesn't look like there will be a big spike up.

Last Edit: Aug 5, 2019 16:46:21 GMT by lookingforatenbagger

Brandolini's Law: The amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it.

highskier
Eternal

Posts: 2,520

OPKO Investment: Long

IBB / / most biotech stocks Aug 5, 2019 16:17:13 GMT

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Post by highskier on Aug 5, 2019 16:17:13 GMT

Aug 2, 2019 20:15:35 GMT lookingforatenbagger said:

Aug 2, 2019 17:41:20 GMT highskier said:

Perhaps. Backing away from the chart may show a different perspective. The volatility has been decreasing and the trading range has been tightening since early Jan 2019. The index traded above the 50 EMA, then below it, then above it, and now below it. And the 50 SMA, 100 SMA, and 200 SMA are slowly becoming one. How much longer will this lackadaisical trading continue before a big move?

I wish I knew, but with Trumps tariffs, threats of tariffs, and opening the US to Canadian drugs or worse the dems price controls, it doen't look like thee will be a big spike up.

It has broke down with the 100.60 support the next stop.

Deleted Deleted Member Posts: 0 Apr 24, 2024 22:07:25 GMT	IBB / / most biotech stocks Aug 5, 2019 16:21:49 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by Deleted on Aug 5, 2019 16:21:49 GMT IBB/Opie: Considering the overall mkt and the IBB crashing - it seems to me like the Opster is doing pretty well, at least at this moment. C L

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Post by Deleted on Aug 2, 2019 15:00:49 GMT

Post by highskier on Aug 2, 2019 17:41:20 GMT

Post by lookingforatenbagger on Aug 2, 2019 20:15:35 GMT

Post by highskier on Aug 5, 2019 16:17:13 GMT

Post by Deleted on Aug 5, 2019 16:21:49 GMT

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