Quick Portfolio Update
I made some slight adjustments to my portfolio. I've been doing a bit of short term trading, but basically held onto the core biotech names. I sold the remainder of my Berkshire Hathaway last week and rolled the proceeds into Biomarin and MGM. I've always referred to Biomarin as a baby Genzyme. They target enzyme replacement therapy drugs and charge a fortune for them. The patient has to take these drugs for life, which generates a nice recurring revenue. Even though MGM has had a nice run, I think there's still a lot of value in the stock. The other new holding is Monsanto, which is benefiting from the commodity bull market. That's it for now...
| Ticker | % of Portfolio | % Return |
| Amgen (AMGN) | 3.85% | -25.90% |
| Biomarin (BMRN) | 0.87% | +1.47% |
| Genentech (DNA) | 4.11% | -7.61% |
| Genzyme (GENZ) | 51.21% | +294.57% |
| Invitrogen (IVGN) | 4.27% | +408.05% |
| J Crew (JCG) | 2.99% | -5.37% |
| MGM (MGM) | 2.74% | +0.70% |
| Monsanto (MON) | 2.95% | +11.63% |
| Melco PBL (MPEL) | 0.63% | -15.34% |
| Microsoft (MSFT) | 1.18% | -23.83% |
| Pfizer (PFE) | 5.02% | -9.50% |
| Qiagen (QGEN) | 17.22% | +354.64% |
| Sears (SHLD) | 2.94% | -15.44% |
| TOTAL UNREALIZED GAINS = +108.50% |
posted by Money Turtle @ 9:33 PM
2 comments
2 Comments:
MT
I have a 87 and 88.6 short target for IBB, still not there, DNA, is gumming up the short, it reports OCT 15, i think
Also, VIX, bounced right of its 200 day = 15.9. so volatility, is back..
I found beannies, over at tim knights
Beannies been hot, this past two months, FSLR up 50%, VMW up 100%, STV up 50%, YGE up 75%, (GOOG,BIDU,)and many many more, just like these.
http://beanie11111.blogspot.com
zee
You really need to get out of American stocks and move into Asian ones. China funds are hot!
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