IBB Short?

14 thg 1, 2019

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

14 thg 1, 2019

Ghi chú

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...

28 thg 1, 2019

Ghi chú

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.

4 thg 2, 2019

Ghi chú

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.

15 thg 2, 2019

Ghi chú

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.