at $3.01 after trading resumed. I am all cash. Hopefully things will settle down a bit over the next week or so – though I have no confidence in the ability of certain politicians to do the right thing.
I have sold the remainder of my APPY (at $1.82) and VTUS (at $3.03). Also sold half of my CPRX (at $3.24). CPRX started off looking like it was going to have a huge day but was dragged down with everything else. I will hold on to the remaining half of the CPRX shares and will probably stay in cash for a while. While one major party in the US is threatening to default unless they can reverse the results of the 2012 elections, cash is probably the best place to be.
A nice move of 1.9% today. Particularly pleasant given that the NBI was down 0.4%. The move was driven by a great CPRX performance. It closed up 6.4%. I am now up 44% in this position. I was tempted to unload some today but it looks like it might keep on going so I will hold for a while longer.
At present I am 46% cash, 31% CPRX, 14% VTUS and 9% APPY.