$XBI Can anyone give me some insight here? It looks like they have shorted this about as much as they can. I don't see small and mid cap bio going away as an investment strategy. Point being are we seeing it close to bottoming out at a time with utilization near 100%? Wouldn't that mean there will be a very sharp recovery when it happens? Wouldn't that also mean small and mid cap bio in general is on the verge of a breakout?
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