OTCPK:VREYD - Post by User
Comment by
patenright111on Apr 02, 2016 5:45pm
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RE:RE:RE:RE:EV/CASHFLOW ANALYSIS
RE:RE:RE:RE:EV/CASHFLOW ANALYSISlong term ? about what - oil sector - I am long term and will hold CJ for a double in 2 years, but I also trade around my core. I actually like biotech, it has been slaughtered and undeservedly. usa politics is all theatrics and they cant even drop prices , I like Concordia in Canada at $33 ( fair value is 2x higher) and I like IBB in usa ( bio etf) - it was down an incredible 40% from peak vs just down a few % for sp500 and is now basing and bottoming I believe in 240-270 area. just broke over 50 dy at 261 and meeting some 270 resistance at top of channel but if can get through that it can get to 290-300. but at this stage, just a counter trend rally in a bear market - needs to break over 300 stay over that to say for sure bear market in bio is over. that said, if one is long term investor ( 3-5 years) one cant go wrong buying some biotech here even if still in a bear for a while longer