RE:RE:Looks like biotech short is in major playWow - sentiment has really changed. LABD has doubled in a week and BIS is up 50 % since I started trading this (mainly badly, so don't think I made a lot). LABD/U stocks are all the non money making biotech, while BIS/BIB has some moneymaking (but its biotech, so mainly money loosing). These ETF's are also useful for determining overall market direction.
I think LABD could hit 90 and BIS 60, but who knows if it can go higher.