Monday, January 08, 2007

Best Trade in 2006

Looking back at 2006, the best trade I made was in Vertex Pharmaceuticals (Ticker: VRTX). I purchased Vertex in October at $36.90 based on good phase II data on their hepatitis C drug. In December I decided to sell at $44.33 because it approached my target price. This was totally pure luck selling near the top. Looking at the stock decline right now; it looks very tempting to buy, but something doesn’t look right. Money losing companies are strictly for short term trades. You go in and get out once it hits your target. Don’t be greedy with these companies or else…


Post a Comment

<< Home