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abew4me

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abew4me

Re: Jager997 post# 364897

Friday, 07/01/2022 10:27:05 AM

Friday, July 01, 2022 10:27:05 AM

Post# of 462738
Once again, the XBI is flexing its muscles while the rest of the market is tanking.

Looks like there's a rotation of money going into the pharma sector (which includes biotech) and that's why the XBI continues to show strength.

If true, then the shorts have a lot to worry about because AVXL is extremely oversold.

Based on their pipeline of phase 2 and phase 3 trials, it wouldn't surprise me if AVXL's shares gradually hit $15 without any significant news being announced.
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