Saturday, October 06, 2007

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%



At October 10, 2007, Blogger said...

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.


At October 12, 2007, Anonymous Anonymous said...

You really need to get out of American stocks and move into Asian ones. China funds are hot!


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