New old position

I have added IRWD to the portfolio. Previous thoughts on this stock can be found here. I really think that this might move ahead of its PDUFA date. If it can get past the FDA the company potentially has a huge, primary care drug on its hands. Not too many of them around any more. I bought it this afternoon at $13.56.

I owned this earlier in ’12 when I bought in at $14.40. IT went as high as $15.95 before shaking me out at my entry point. We’re about 2 months from the PDUFA date now (Sept. 9th) so with luck it will start to pick up steam.




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