Biotech Values

[spartex]

I agree with Mark Hulbert's contrarian view but I wasn't privy to all their indicators. The technicals seem to show bullish support in the S&P 500 index (dipped below 200 dma on for a day or two) but recovered on strong volume. We'll see if the market can get past the 100 dma in the next few days, and recover over the balance of August.

I just wish I had more cash on hand to pick up a few more beaten down biotechs. Guess I'd have to be a fund manager to do that...lol

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