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Biotechs Still Sliding, But Wall Street Says Don't Hit The Panic Button Just Yet
There is no good time to hit a panic button. The time to hit the sell button was 8-10% ago.
If you want to front run the technical traders, put a stop limit buy for IBB at around 243 to catch a possible bounce back between current price and 231 and if it breaks through that resistance to head down, a moving stop limit buy following it down at about 8% above each down close.
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If you want to front run the technical traders, put a stop limit buy for IBB at around 243 to catch a possible bounce back between current price and 231 and if it breaks through that resistance to head down, a moving stop limit buy following it down at about 8% above each down close.