For GT Blog July 25, 2008
The recent out performance of the US Health & Biotech groups should get the TSX Health Care Index on the move to recovery – note the support at the 34 level on the TSX Health Care Index – look for an initial bounce to 42 followed by a new bull market
This group is currently under-loved and under-owned
Some components:
Company Name Symbol
Biovail Corporation BVF
Cardiome Pharma Corp. COM
CML HealthCare Income Fund CLC.UN
MDS Inc. MDS
Other candidates
Angiotech Pharmaceuticals ANP
Patheon Inc PTI
QLT Inc. QLT
The recent out performance of the US Health & Biotech groups should get the TSX Health Care Index on the move to recovery – note the support at the 34 level on the TSX Health Care Index – look for an initial bounce to 42 followed by a new bull market
This group is currently under-loved and under-owned
Some components:
Company Name Symbol
Biovail Corporation BVF
Cardiome Pharma Corp. COM
CML HealthCare Income Fund CLC.UN
MDS Inc. MDS
Other candidates
Angiotech Pharmaceuticals ANP
Patheon Inc PTI
QLT Inc. QLT
Posts
1 comment:
Hi Bill,
I have been reading your comments lately, and I was wondering if you believe that the 2007-2008 bear market is close to finishing within the next 6 months. The bullish percent for the S&P is improving. On the other hand, the Dow has had weekly closes below its 200 week moving average. If the index moves down past that support level, could we see a downside to something like the 200 month average, which was what we saw with the Nasdaq in 2003? I am also curious if the turnaround will involve a session in which 90 percent of the stocks will go to the upside. Would you see that as a viable signal?
Finally, if American elections have an impact on certain sectors, would you say that the health/care biotech sector would be under pressure should a "certain someone with certain promises" get into office?
Thank you very much again for your blogposts.Very insightful.
Jeff
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