WallSt007

Biib - Good Pe & strong market- Bottom fishing?

NASDAQ:BIIB   BIOGEN INC
Take position 223.05
Stoploss at after 222,
Take profit 228
if that breaks, switch to short and ride it to to 205.

But PE is really low for a bio stock,fundamentally, it's good value.
If we get a rally again in the market and sector( LABU ) continue to push. this will probably go sideways.
Comment: Market shat the bed and this shat with it.
was a tight stoploss and played for a $5 profit downwards
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