Biovail (BVF) down 26% to 52-week lows — for those of you who disagree with my views on 52 week lows, you will find this a bargain at $15.52!
I have neither a positon nor an opinion about Biovail — but I got lots if email telling what a wonderful value strategy buying 52-week lows was, so by all means, please put your money where your mouths are.
Me? I’d rather buy strength and a healthier trend — or fade extremes in sentiment.
Category: Technical Analysis