Thinking about buying into biotech ahead of the JPMorgan Health Care Conference? History says the best play is to buy the day before the meeting starts and hold until the end.
The JPMorgan conference, from Monday to Thursday, is the health industry's biggest annual event, setting the agenda for the year. Sentiment out of the conference can dominate the first half of the year.
"It may be the most important health-care conference in investment banking," said Les Funtleyder, portfolio manager at E-Squared Asset Management and author of "Health-Care Investing."