Looking at following Ken Tester short advice on the IBB, am I crazy? I see a historic growth pattern in Q1 but it does appear to have a dip upcoming in this trend. With the IBB having a near total North American fund it is exposed to political developments such as the shutdown, a new bill to lower prescription drug costs put forth by democrats in the house and with pharmaceuticals companies recent price increases, it seems like a legal battle brewing. I am anticipating a drop to retest it's Christmas woes below 89. Any thoughts?
IBB
IBB
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China pulling back investment in US biotech. Chinese economy down below expectations. FTSE drop on the open. No end in sight for US gov't shutdown. Looking good...
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I ended up putting an expiry date of February 15th for the bulk of my options, hopefully this down trend will continue as I lost the options from the 25th already.
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boy oh boy, will this retest its lows or what?? My Ken Tester option expired worthless on the 25th, thanks Ken :/ Looking at another big loss if this doesn't break.
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Well this has been an excellent learning experience. 100% loss of a couple thousand dollars listening to Ken Tester over following historical data was a terrible no good bad idea. Ken Tester is dead to me.