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.
posted by Money Turtle @ 11:03 AM
2 comments
2 Comments:
When you say you earned a 0.73% return, how big a position are you talking about in terms of rough order of magnitude?
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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