Solid day

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.

CPRX

Quick update

Difficult day for the market with the NASDAQ down 0.25% and the Biotech Index down 1.1%. This portfolio was down ~0.6% – perhaps due a rest after four consecutive up days. Currently holding VTUS (up 3%), APPY (up 44%) and CPRX (up 24%). VTUS and APPY are small positions as I have previously exited 50% (both on 9/11).

VTUS is certainly disappointing in that I exited the first 50% at $3.45 and the price has rapidly come back towards my entry level (closed today at $2.70). On 9/11 it traded as high as $3.72. I am continuing to hold though. I am reasonably confident in the ultimate results of the pending phase 3 trial and it seems likely that if the PK/PD trial results were able to inspire a 40% spike, the P3 results should be all the more significant; Hopefully the stock will see some price appreciation ahead of time. It is certainly unfortunate that the trial data release seems to have been pushed back a few months.

 

 

Down to one position

ZLCS popped this morning in the pre-market. I think it got as high as $0.98. I decided to take advantage of the strength and got out just after the open at $0.91. I had been in this one since August 8th when I bought it at $0.71. It was a rough ride as it dropped as low as $0.56 the following week. I was very happy to be able to exit up 28% on the position.

Yesterday I dropped my position in IPCI. I sold it at $1.91 for a 9% loss. I was wary of this from the start – and took a smaller position than I usually do. Once in it, I found that I did not really feel like hanging on to see if it could regain its recent highs.

APPY had a nice move today closing at $1.56. In late July it broke $1.60 but fell back quickly. I am up 22% on this one and hoping for a bit more. Just greedy I suppose. APPY is developing a diagnostic blood test that will help to assess children presenting with abdominal pain – specifically it will aid in ruling out a diagnosis of appendicitis. Very small market cap with an expectation of further data from their pivotal trial over the coming months.

APPY

 

BIOD

Huge BIOD move over the last few days. Just sold half of my position at $5.84. That is 115% higher than my entry price of $2.71 on April 3rd. Will continue to hold the remainder as it approaches data.

BIOD1

 

Super volatile day

Today opened very strongly for my two holdings building on yesterday’s momentum. Yesterday APPY closed at $1.53 – a great 11% move up from the previous day’s close at $1.38. BIOD also had a great day closing up 8% at $4.74. Based on that, my portfolio here hit a new high of $575K (indexed, as always, to the day I started tracking on this site).

APPY gapped up today and hit $1.62 soon after the opening. If gradually fell back and closed down 3.3% at $1.48.

APPY

 

 

 

 

 

 

 

 

 

BIOD similarly had a great first 15 minutes hitting $5.09 before eventually closing flat at $4.76. So I ended up with a down day. Holding on to both and hoping that BIOD will be able to break through the $5 barrier that it seems to have been struggling with. I am currently up 75% with BIOD and 16% with APPY.

BIOD

Performance charts

I have fiddled around with my missing pages but for some reason the embedded Google docs do not seem to be embedding. Probably will require some support from WordPress to help figure this out. In the meantime, here is a chart showing performance for the 2nd year of this journal.

Screen shot 2013-03-27 at 2.03.40 PM

So we are up ~25% for the year to date – which is just short of 3 months. This compares favourably with the biotech index (NBI) and the NASDAQ. It is (significantly) under-performing last year though. This may be, to some extent, attributable to a lack of focus on the portfolio in January due to a confluence of holidays, travel, and flu. Year 1 in the following chart is in red. Year 2 is the blue line.

Y1 v Y2

Here is the total performance – since tracking on this site started in 2012.

Screen shot 2013-03-27 at 2.14.20 PM

TSRX

Certainly due a longer update, which I will try to do later today. This is just to note that I sold my remaining TSRX at the open for $7.42 following the positive results from the ESTABLISH trial. I had previously sold half of my original position on 3/13 for $6.67. Given my entry price of $5.18, this gave me a 36% return. I was in the stock for 46 days.