More strong gains in US biotechs overnight (21/04 - Arrowhead +3%, Alnylam +4%, Gilead +2.5%) reaffirming the focus is turning from short term sentiment-driven fluctuations (profit-taking,panic-selling)back to fundamentals. Watch the IBB resume its powerful 12-month upward trajectory on its way to a multi-year bull market in biotechs. BLT will spike on positive news in this environment.
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