$IBB Still In Control But How Much Longer?
I have talked about the $IBB and it’s impact on all bio tech stocks including those not in it’s holdings. In my article All Hail The $IBB I highlighted the striking correlation of just about any biotech stock trading without news. I pointed out some possible indicators of a turn around and that obviously hasn’t happened yet and at this point it is still very difficult to tell where the bottom is. I am attempting to trade $ARIA as I feel it is a safer semi-speculation bio tech stock as I have confidence in the long term story. I feel if I make a big mistake trading $ARIA I can always hang on long term and expect better days along with a future catalysts to correct my failure. For more information on upcoming $ARIA catalysts please see my Seeking Alpha article Why Now Is The Time To Buy Ariad Pharmaceuticals. Continue Reading