BioBubble with No Trouble?

Another green screen today with the usual suspects running in Rayno Biopharmaceuticals helped by the Bank of America Health Care Conference.

Alexion (ALXN) up 2.86%, Biogen Idec (BIIB) up 3.19%, Gilead (GILD) up 3.27%, Pharmacyclics (PCYC) up 2.5%, and Seattle Genetics (SGEN) up 3.29% etc. etc. etc.

In the bioETF world IBB hit an all time high at $186.18 up 219% over 10 years and XBI as well at $111.18 up 125% over 10 years.

Time to re-read my post of April 4, 2013: Is There No End to the Biotech Bull Market.

Also I read somewhere recently about  “The Golden Age of Biotech” That may be a froth warning. But for now the bull run is intact because biotech is still relatively unknown and inscrutable among most investment professionals.

The biotechs  are up 16% in one month! Channel break alert. And ASCO lies ahead in two weeks.


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