Tough Thursday

Dreadful day for the markets today. S&P and NASDAQ were both down >2% on continued poor economic news.

 

The BL portfolio, on the other hand, had a strongly positive day. Buoyed by a 5% move by HZNP, the portfolio closed up 1.4%.

 

We also established a new personal best – 8 consecutive up-days. Since adding them last week, NAVB and HZNP are up 20% and 23% respectively. The overall portfolio is up 11% in the same time (currently 50% in cash). NASDAQ and NBI are flat and up 2% in the same time. Of course, if I had actually bought LGND and IRWD last week instead of “looking” at them things would look even better. Still, pleased with the recent performance.

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