3-6 months the stock market bubble will pop. Liquidity will flow into precious metals and commodity markets.
Then some time after that Biotechs will become the go to sector. They are just not there yet.
Biotechs like Bionomics have a bit of work to do yet before they flower into really exciting investment destinations and patient, counter cyclical investors like us get their time in the Sun.
I am in deep with BNO, just not expecting things to pop soon. The more time I spend understanding investing and the stock market the more I am convinced that timing is everything, and the key to that is understanding investor psychology.
BNO Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held