Sunday, February 02, 2020

January 2020 Performance


January started out strong and then the virus bug hit the market. My portfolio was able to produce a small gain of 2.7% for January. There were no changes to my holdings other than the closing of the Medicines Company arb play. The proceeds from the Medicines Company went back to my cash holding (currently ~ 15%). This market had been priced for perfection so it will be interesting to see how much of an impact this bug will have on the market. I think it will just be a minor annoyance and the market will take this in stride. The headline news will be ugly, but just need to remain calm and look for opportunities when people start being irrational.

What a start to the New Year…

2020 YTD Performance = +2.7% with the running monthly returns as follows:

January +2.7%

6 Comments:

At February 25, 2020, Anonymous Anonymous said...

MT,
Are you adding any stocks? It has been a brutal two day 2k point drop.

 
At February 26, 2020, Anonymous Anonymous said...

MT,

I saw a doctor on CNBC this morning who wrote a book on pandemics. His primary point after all questions about the CoronaVirus out break and events is that the USA does not have a way to currently test Americans yet. This is because we have so few reported cases and the information coming out of China is hard to decipher. If you agree, what company may be working on a good diagnostic test that may benefit from the potential crisis that may visit the USA?

What do you personally do to strengthen your own immune system?


Thanks

 
At February 27, 2020, Blogger Money Turtle said...

I have not bought anything but may start nibbling.

The diagnostic companies I would take a look at are Qiagen, Roche and ThermoFisher (not a real pure play, but they do supply a lot of the reagents).

What do I do to strengthen my immune system? I try to eat well, get good sleep and minimize any potential stress. There’s no magic formula…

 
At March 01, 2020, Anonymous Anonymous said...

MT,

I saw the CEO of Qiagen on CNBC TV erlier in the weekly saying they are working on test kits. Its almost like you mentioned it to the CEO and he felted inspired to share on TV. Smile........



Thanks

 
At March 01, 2020, Anonymous Anonymous said...


hey mt,

What is your take on this caner news development? Are u familar with?

“We believe we will offer in a year’s time a complete cure for cancer,” said Dan Aridor, of a new treatment being developed by his company, Accelerated Evolution Biotechnologies Ltd. (AEBi), which was founded in 2000 in the ITEK incubator. AEBi developed the SoAP platform, which provides functional leads to very difficult targets.

The potentially game-changing anti-cancer drug is based on SoAP technology, which belongs to the phage display group of technologies. It involves the introduction of DNA coding for a protein, such as an antibody, into a bacteriophage – a virus that infects bacteria. That protein is then displayed on the surface of the phage. Researchers can use these protein-displaying phages to screen for interactions with other proteins, DNA sequences and small molecules.

“Our cancer cure will be effective from day one, will last a duration of a few weeks and will have no or minimal side-effects at a much lower cost than most other treatments on the market,” Aridor said. “Our solution will be both generic and personal.”


Last month, The Jerusalem Post reported that Israeli scientists announced that they may have found a cure for cancer.

https://www.jpost.com/HEALTH-SCIENCE/A-cure-for-cancer-Israeli-scientists-say-they-think-they-found-one-578939



thnx

 
At March 01, 2020, Blogger Money Turtle said...

Really surprised by Qiagen's strength in this market. They have lot's of potential, but they need to execute. If they don't execute soon, someone will take them out this time around.

I'm very skeptical when someone says that there will be a complete cure for cancer. There are all sorts of cancers and there will not be one magic bullet that cures every type of cancer. Phage display is actually a very old technology by today's standards. Phage display was hot about 20 years ago, but not many companies using it these days. I hope they do succeed, but I wouldn't bet on it.

 

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