I don't know I made it up..also my picks lately make me look like an ass. With that said I bought more DXD and QID today and still hoping for a huge selloff in the near future. Markets probably make new highs with the action I have on the downside and I lose more money.
Last biotech I touched and the last was VPHM. Besides that the only way I would play biotech is with IBB or PBE.
Had a guy who followed Biotech as an analyst for hire type. Told me, "give a Scientist 10 million bucks, put him in the lab, close the door. When the 10mill is gone, he'll come looking for another 10mm bucks." And so on.
But it still shows on SHO, which mean there are STILL a ton of fails in the system. They more than likely can't be held into May 15.