Everyday is a correction day in the biotech
Young grasshopper you are learning. You are RIGHT! Why is it that every day there is a correction in BIOTECH? I'll tell you, due to the fact the day prior the biotech went parabolic, and so it must correct. So you got two options as a trader or 3:
1) You can play gap up and go and ride the wave up, or
2) You can do what is called parabolic shorting, and ride the wave down.
3) Do nothing.
I've done both. I long bias so I look for the gap up and go. I gave you OPGN as a gap and go, and then had I had the balls and shorted it, I would have made money 2x. But I opted not to.