Friday, March 05, 2010

Sold OSI Pharmaceuticals

I also just sold my position in OSI Pharmaceuticals (Ticker: OSIP) at $56.34 generating a 0.73% gain over a 5 day period. This deal valued OSI Pharmaceuticals at a very rich premium and I see the upside capped at $60. I could get greedy and hope for $60, but the risk reward was just too high. With the economy showing signs of life, it’s time to transition into growth companies.


At March 17, 2010, Anonymous Anonymous said...

When you say you earned a 0.73% return, how big a position are you talking about in terms of rough order of magnitude?

At March 17, 2010, Blogger Money Turtle said...

I don't disclose the dollar value of my positions because I don't see that it adds any value. What's important is generating a good % return. The OSI Pharmaceuticals was just a small position and the 0.73% return on OSI really had no impact on my overall portfolio.


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