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LABD Long (Next Big Idea)

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AMEX:LABD   Direxion Daily S&P Biotech Bear 3X Shares
Since LABU Long cut short this week from the previous analysis (ran up 15% and stopped at 3% profit). Entering LABD Long as the next big idea for 5:1 R:R.

Fundamentally, I felt this was the right trade long before once the pharmy companies come out with official vaccines that will leave the majority of the industry in despair as only a select few in the industry will continue to benefit from the Covid story.

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