Thursday, August 23, 2007

A Few More Trades

I know I’ve been trading a bit more than I like. I’m just trying to find a good balance with my portfolio. I’m still heavily weighted in the biotech sector. I sold Celgene (Ticker: CELG) at $59.57 generating a net gain of 2% in a month. Celgene has been good to me, but I just needed to reduce my biotech holdings just a tad. I picked up Apple (Ticker: AAPL) once again at $131.06. Apple’s strategy is simply amazing; they’re able to generate recurring revenues from their iPhone subscriptions. Having the cell phone companies cough up 10% of their iPhone subscription revenues to Apple is unheard of. This will become a giant cash cow for Apple.

I picked up more Berkshire Hathaway Class B (Ticker: BRKB) at $3950.11. I can see Warren Buffet unleashing some of his $40 billion cash holdings into this market. When there’s fear in the market, you can bet he’s buying. The chart continues to look great for Berkshire Hathaway. The stock will probably pause a bit here before going higher.

I’m still looking to get back into MasterCard (Ticker: MA) again, but I have to be patient with this one. Anyways, I’m starting to like this market more and more. There are too many doom and gloomers out there.


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