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re: smart money moving into biotechs retro nicleesonI don't have...

  1. 1,002 Posts.
    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.


 
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