smart money moving into biotechs, page-15

re: smart money moving into biotechs retro nicleeson

I don't have to give anymore of a reason than that I have already said, I am mainly talking from experience and my vast knowledge of market cycles and my contacts within the industry that deal in large sums of money.

I actually bought RIO at $31.90 and sold at $51.20 and bought BHP at $9.70 and sold at $19.92 since holding from 2003, I bought prior to the major up run and have sold using the same theory.

I am now loading up on certain biotech’s as I feel we are nearing a major up run within the sector and have sold my resource holding because I feel it is nearing a major correction, I feel that will occur somewhere around 4800 or before on the all ords.