nnavarrete
Long

Biotech - LABU - XBI - Long

AMEX:LABU   DIREXION DAILY S&P BIOTECH BULL 3X SHARES
226 3 6
It seems like Biotech has found its bottom, we should rally from here... There is a strong chance due to the elections that we may get an undercut low next week to get all the retail traders out before the big rally.

Opening LABU             position today with SL at today's intra day low.
Trade closed: target reached
woohooo
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I was not in trade on Friday, check the PA after the big fat volume bar, I'd go long on Monday
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agree, but thing the election undercut will take it to $19-$21 range before shooting back up. holding on for that even if it means risky the bounce from here
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