AI
Monday, October 08, 2007 7:42:11 AM
About 14 months ago AIM was kind enough to suggest that I add to my IBB (biotech index) position after it sagged to a low point for the year. This one sector used to have a lot of volatility to it but speculative money seemed to have moved elsewhere.
After a long wait for further activity last week IBB shares were sold at AIM's suggestion. A 14 month turn around isn't exactly "day trading" I'm afraid. With 13 months ahead of us of endless lecture about "health care costs" "socialized medicine" etc, I can't imagine this is a great time to own anything related to health care such as pharmaceutical, biotech and health care ETFs, but this latest trade felt good anyway.
I'll post a graph, but this recent one is pretty close:
In the "olden days" the trade range was broader and the settings I use garnered more trades.
Best regards, Tom
After a long wait for further activity last week IBB shares were sold at AIM's suggestion. A 14 month turn around isn't exactly "day trading" I'm afraid. With 13 months ahead of us of endless lecture about "health care costs" "socialized medicine" etc, I can't imagine this is a great time to own anything related to health care such as pharmaceutical, biotech and health care ETFs, but this latest trade felt good anyway.
I'll post a graph, but this recent one is pretty close:
In the "olden days" the trade range was broader and the settings I use garnered more trades.
Best regards, Tom
Port Washington, WI 53074
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