Good day for the portfolio today with all of the holdings experiencing gains. Overall, we were up 3.8% for the day. NASDAQ was up 0.8% and NBI was up 0.6%. BL’s biggest movers were AFFY and PGNX which moved up by ~6% and ~5% respectively.
AFFY’s PDUFA date for Peginesatide is next week (March 27th) so I will certainly be lightening my holding (if not completely closing it) before then. I am hoping it will run some more ahead of the decision. AFFY had a very favourable Ad Comm meeting last last year and an approval is widely anticipated. I am up 8% in AFFY since adding it on March 8th. I have raised my stops to my entry point ($11.01).