Biotech Bubble Breaking Bad: 10% "Correction" To 1-Month Lows

It took 25 days to recover, and 2 days to lose all the exuberance that was 'well-deserved' and M&A-boom-driven, according to analysts.

h/t @StockCats

But with a drop of over 10%, Biotechs are officialy in 'correction' and falling on heavy volume...

Comments

[agstacks]

This chart needs a Yellen "sell" notation for reference..

[buzzsaw99]

^this^ mr. yellen sets the price of EVERYTHING

[Never One Roach]

The Fed only cares about house prices and their Buds on Wall Street. The biotechies playing with drugs in Cali are not on her radar to be propped up.

[KnuckleDragger-X]

Biotech is the leading edge of what's coming for the entire tech industry. I was working in Silicon Valley during the dot com crash and this time it will be worse led by M&A for huge prices for start-ups that have no real assets. the bullshit index is huge, so it's high dollar fertilizer for the sheep....

[Devils Advocate]

Can you say V shaped recovery!!!

[CarpetShag]

Biotechs buggered.

[NoDebt]

You better buy this fucking dip or you'll be kicking yourself next week.

[VinceFostersGhost]

Thanks, I just needed that extra push to get me there.

[Weaponized Innocense]

I got that dip on the bis! It's not too much.... But it's a nibble. I felt uvxy would give me the hardest ride climaxing on the blood bath.. And then faz for a longer ride through all the noise... With perhaps an early jump out just to get money before it's gone to the shitter.
No udnt.... Snif snif boo hoo.... Not like UDNT shorted the dollar on,y to pay u in gold anyway. So no big loss I guess....

[ShorTed]

I'm all-in already.  Brother can you spare 10k?

/s

[NoDebt]

Take out a third mortgage on your house like the rest of us have.  Don't forget to use all margin available to you to leverage your gains.

[spastic_colon]

hurry up and break the markets already!  the indexes are down almost .50% SOS!!  / s

[i_call_you_my_base]

PPT is on it.

[thismarketisrigged]

i guess the PPT is on stand by  today, because they were on it immediatley when the ''market'' started to fall fast today.

should be green shortly.

[buzzsaw99]

Advise our clients interested in biotechs to buy at (insert goldman sachs number). Mr Yellen has set the price. [/Randolph Duke]

[Spungo]

I'm into murders and executions.

[Chuck Knoblauch]

Name one Biotech innovation that has changed your life?

Pills?

Exclude the fucking pills.

Nothing is the answer.

[CarpetShag]

injectables