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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s