Is Biotech Finally In A Bubble? | Seeking Alpha
DoctoRx has written an outstanding article on the biotech sector. I agree 100% with the doctor that biotech stocks are worth a good portion of your portfolio. I own XBI, the small cap biotech ETF, and BIB, the 2x leveraged ETF for large cap biotech stocks. These two stocks have far outperformed the S&P 500 in the past year.
The author also talked about leading large cap and small cap stocks that are held in the respective ETFs. He gave us reasons to expect that biotech stocks will continue to outperform the market. I plan to buy more XBI and BIB when the stocks pull back. The 89-day moving average was a great place to buy these stocks when they pulled back a lot at the end of April of this year. You will be hard pressed to find better stock picks.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment