Poonam A. Arora
September 08, 2016
Poonam A. Arora @ Seamist Capital
Intellectually Honest and Objective Research

IBB: Significantly Overbought - Sharp Declines Imminent

There has been a lot of speculation on the true value of the IBB. We’ve seen the ETF trade range bound, moving between 240 and 280 three times. The typical chatter on social and alternate media is that the correction is going to be short lived. That the downturn presents a good opportunity to double down on shares on cheaper valuations. So, I decided to do a deep dive on the industry and its current state – paying close attention to fundamentals. Based on what I found, I valued the NBI and by proxy the IBB. I also looked ahead to what to expect over the next few years and how to best be positioned to generate out sized returns. Write your post...

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