Bought IBB @ $82.40
July 16, 2008 – 11:14 am
[[IBB]], $82.40
Target is $98.
$75 stop.
10:29 ET
(GILD, AMGN, CELG, TEVA, BIIB, GENZ, BMRN, ILMN, PRGO, and SHPGY make up about 50% of this ETF.)
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IBB is going into ice from Jan 17…volume that day was 4.7 million…doesn’t look like there is enough force to sustain a move above that day ( we are on pace for 2.5 m today). No doubt we can trade above the price point of 1/17 but the move has less probabilty of holding. Took some fast cash on DNA this morn.
Liking the QLD here while I wait for my setup on the biowrecks
July 16th, 2008 at 11:40 amI’d expect some consolidation around 85 - 86.
July 16th, 2008 at 12:22 pm