Biotech trouble!

Just isolating one area this morning and that is the Biotechs. We have warned of the froth with all the “no sales” IPOs. We think this group, at the very least, is getting in trouble. Many names have broken down…some badly. Many of the “no sales” names are already in trouble. Remember, if we ever go into a bear market again, those companies’ stocks, based on precedent, could pay a stiff price. We will keep you up to date but as of this second…beware!