In a world where everything is so overvalued (only relative to fundamentals like P/E ratios if you follow that sort of thing), what’s left to actually buy?

Well, I’ve always found that when in doubt, you can go back to wading through the OGs of meme stocks, i.e., biotech. There’s been a lot of action lately that, to those paying attention, there is a lot of short-term quick “opportunities”.

I put that in quotes because playing bio tech stocks can be very addictive if you aren’t following appropriate rules. These are essentially lottery plays, hence the title of this post. That is not to say that true opportunity doesn’t exist. But you need to keep a book level mentality when playing them because some may not work out at all. They are volatile and susceptible to sudden gap downs if/when some products may not get that FDA approval they were waiting on or some lawsuit comes out against their primary (or sometimes only) product.