RE:The Biotech BreakdownYes if it does come back to 50 or 60 ur short position will be screwed - I*DIOT
select1011 wrote: This is just my view but the biotechs broke down last Aug/Sept, from valuations that were fair for a growth sector, but that now look appalling as a value, safe space to be So the bottom cant be predicted, and the upside cant either, in my view. I see the plan at CXR, with its AMCo deal, as a 2-5 year plan. That's how accurate I can be. I don't feel that recent SPs at 50 or 60 will come back. The Scotiabank report didn't give a timeline for 75US or Can. What I am doing is looking at the information I have, and what I am getting from CXR during what is arguably and major reset in the CXR share price and broadly in global markets.