Monday, November 01, 2010

More Crucell

When you have a strong conviction in a trade, you just have to go with it. I continued to add to my position in Crucell (Ticker: CRXL) today at $32.15 and $32.10. I believe Crucell with the assistance of Johnson & Johnson (Ticker: JNJ) will complete their investigation of the potential contamination issue at their Korean manufacturing facility. This facility is being phased out in 2011. The manufactured products from the Korean facility are currently placed on hold pending the completion of the investigation. Once the investigation has been completed, they can justify the release of the products. They have stated that they plan to complete their investigation by the end of November. I really like this risk / reward opportunity.


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