$heff's $tation of $tocks & $olid DD

[jbem777]

Great post Bio. The reality is that the biotech bubble has burst. Data run ups and PDUFA plays are now a thing of the past. The market over the last 6 months has highlighted this very clearly. The first signs became evident around October and the lack of data run into ASH made this ever so evident. It was very easy to make money in the market from 2009 to date. Pick a catalyst, get in early, and make 10%+++, but that is not the reality anymore.

For these reasons, I went 100% cash a few weeks ago. It's foolish to think that as retail investors we can buck the overall market sentiment. Are there "good deals" out there? Yes, but there will be even better deals soon. Patience and deliberate calculation will make the most money when this rebounds and bio may not be the place. Biotech reminds me of the tech bubble. It's going to take some time for this to fix itself and there are many money making opportunities out there, other than biotech.