Quote:
Originally Posted by rafiki
The dip was caused by news of a drug that doesn't even matter for them. It's like Apple announcing they're having issues with the nano or something.
Biotech is fun, really sad I didn't watch longer before my first dip in. Would have been a bit more used to the variance. It's like Omaha!
I follow the biotech sector. It can definitely be swingy like PLO. However, if you pick winners well, you can make a solid return.
I mostly ride the upward momentum towards a binary event (i.e., an FDA decision) then bail before the event. Sure, I will miss out on some huge gains. However, I will avoid the deep plunges.