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IDS World Markets Wed 3rd October 07


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Biodrech etf IBB looks set to pop a wheelie, at least that's my bet.

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I've had an $88 target on IBB for three years. That's another 3% higher. Taken a very long time to get here.

 

Still long some of my biodrecks awaiting the momentous day when the IBB can say, "All right, Mr DeMille, I'm ready for my close-up."

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Your analysis months ago got me interested in IBB being a hideyhole during a general market decline. I bought dec. 95 calls over a month back. :P I was enthralled with cheapies then, more than now. It would be a sweet gift if they are ready for their close-up.

 

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In my work, 88 is a very important point of l/t resistance. So 95 seems like a bridge too far at this point. Guess we'll have to see what happens at 88, assuming it gets there.

 

I'm close to selling all my biodreck dongs and re-load later after I see how this level is handled by the IBB (which tracks the $NBI index).

 

Yeah, sure, but no fair. You're a sensible person! <_<

 

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:lol:

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Biodrech etf IBB looks set to pop a wheelie, at least that's my bet.

612388[/snapback]

 

Yea, STEM just broke out.

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When the sector turds break out, it's usually time to head to the sidelines.

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Might be more related to VIAC's crazy buyout.

I used to trade this. Should had held it instead. A 50% premium from Friday's close.

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