re: smart money moving into biotechs retro
with all due respect mightybull, can you please add some reasoning or explanations behind why you believe switching from resources to biotechs is the way to go. simply to post that the "smart money" suggests this is occurring does not provide much insight to anyone i don't believe. can you please offer some reasoning, i am willing to listen to your reasons, but so far i have only heard that you sold rio last week around $51 because you thought the HISTORICAL p/e of 18 or something was too high for you before they reported, i did not notice much "smart money" exciting the likes of rio today as it surged past $52 ex the recent dividend aswell since you sold.
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