Quote:
Originally Posted by nmap
6.8SPC_DUMP, personally, I would wait to see how the current fight between bulls and bears turns out...however...what do you think of the biotech ETF, symbol PBE?
Technicals look so-so, but weakening, with MACD and RSI going the wrong direction, but the MA's still OK, IMO.
Chart Link |
I don't like ETF's. They are great for a DIY portfolio if the sector is strong and the market is solid. I think there will be tremendous opportunities in the future from this industry, but they won't be realized from an ETF. This one has vastly under performed QQQ/Spiders recently. No easy way to pick the winners. I just try to stay on top of what is being developed, sort out the 20 different expert opinions and see what makes sense i.e. has a future market segment and buy after it is developed but before it is introduced to the market.
I'm also worried about the valuation of the dollar. If the dollar falls 20% in relation to another currency but your stock is up 20% you are flush either way. I try to keep things as simple and safe as possible now.