Sold Goodrich and More Pharmasset

I sold my position in Goodrich Corporation (Ticker: GR) today at $122.73 generating a net gain of 12.91% (~58% annualized return). I was hoping to sell this position next year to minimize my capital gains tax, but I saw an opportunity in Pharmasset, Inc. (Ticker: VRUS) that I couldn’t pass up. Goodrich was a nice special situations play. I used the proceeds from Goodrich to purchase more Pharmasset at $129.15. As they say in poker, I’m “All In” on Pharmasset.

On a side note, I put in an indication of interest for some shares in Zynga, which is expected to price next week. There’s no doubt that this will be a hot IPO. I’ll probably flip it if I’m allocated shares.