Wednesday, October 26, 2005

Flu Stocks - Update

AVII....Bought 2.25....Current 3.60.......+60%
BCRX....Bought 8.69....Current 15.22......+75%
CRXL....Bought 24.13...Current 26.67......+11%
DVAX....Bought 6.00....Current 6.30........+5%
HEB.....Bought 2.02....Current 3.30.......+63%
NNVC....Bought 0.09....Current 0.50......+450%
NVAX....Bought 1.49....Current 4.95......+232%
SVA.....Bought 4.05....Current 6.25.......+54%
VICL....Bought 6.00....Current 5.25.......-13%

Average per equally weighted portfolio = +104%

What do we do now? These are all stocks that I have picked along the way as longer term trades (aka Buy & Hold) in biotechnology stocks participating in the avian flu sector. Some of the winners here may have been lucky guesses, but I did put some thought, research and analysis into each pick. Whether that was a good idea or not has yet to be determined, but, so far, so good.

Are these as a group, or individually, still good buys? I just don't know. I am maintaining a core position in each listed stock and have been adding trading positions from day to day. What seems to be working is to buy a trading position after a bad day or two and sell after a good day or two, while leaving the core position untouched.

Since the avian flu story seems to be closer to the beginning then the end, I would guess that all of these are closer to Buys then to Sells.

A

3 comments:

philters said...

I very much appreciate your direct and straightforward approach. very nice early call on the basket. I got into NNVC recently because it is cheap and appears to be actively traded, and look forward to using your trading position / core position approach.

Anonymous said...

stunnig performance mister alan sector basketing looks good.You mentioned aavi in your list perhaps intended avii?
I'm in late with this train but guess i still can get it on the fly.Thanks for this illuminating blog.

Allan said...

thanks for catching the typo....I don't think its too late to get into any of these, just maybe ease your way in at this point.

A