Dear readers, I am a genius! I know, I'm modest too, but how else do I describe the sheer brilliance that went into timing three recent columns on the depressed state of the biotech sector? I totally called the bottom.
It started with a dour March 8 Mailbag. On March 11, I lamented the 20% loss in the Biotech Buzz Portfolio. I followed that uplifting tome with a downer Mailbag on March 17 discussing how biotech investors were in a world of hurt.
Well, I guess all the hand-wringing about how bad it was in biotech-land signaled the nadir, because the sector started moving up on March 17 and it's looked pretty good since. As of April 3, the Biotech Buzz Portfolio is down just 900 basis points. Can you say comeback? ...
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