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Biotech / Medical : Immunomedics (IMMU) - moderated
IMMU 85.51+0.2%3:59 PM EDT

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From: Renmanco1/13/2020 10:06:05 AM
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Painful, but not fatal. Many biotechs that had great 4th quarter runs have seen strong profit-taking this month as short-term traders rotate into more economically sensitive areas after pushing cap. gains tax liabilities into 2021.

I own and monitor a bunch of biotechs and this is essentially a sector move and not company specific in the absence of a company-specific announced event.

This too will run its course and we'll get back in gear....not sure when but this will abate. Time for biotech investors to take a breath and come back in a week or two.
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