RE:RE:Feels like capitulation...Why is everyone always blaming the shorts. The market is about supply and demand; driven mostly right now by emotion... if sellers are fearful, guess what happens.
The Biotechs had a massive run for several years and this is quite clearly unwinding. As CXR gets dragged down with IBB and Valeant, it now trades at what I think are ridiculously low levels. I'm not adding just yet though as sentiment can take things to levels you wouldn't believe.