Fitz Bits: The Biotech Wreck

OK, let's look at some charts.

iShares Nasdaq Biotechnology Index (IBB) Gilead Sciences (GILD) Regeneron Pharmaceuticals (REGN) Biogen Idec (BIIB)

The biotech sector was all the rage last year, and was on track to be another darling of the bulls this year. But after big advances in January and February, these expensive, high-momentum stocks reversed and fell hard. Now, one mistake many inexperienced (and some experienced) traders make is to think that a high-momentum stock that was so popular on the way up will attract the same level of aggressive buying on the way down....780 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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