What Did You Buy Today?

[divmenow]

(11-19-2019, 06:45 PM)fenders53 Wrote:

(11-19-2019, 01:49 PM)stockguru Wrote: I bought a basket of 10 biotech's today.  Some names I purchased are ACAD, ALXN and INCY, I narrowed it down after researching 100's lol

This is a space I have been looking into for a while now.  Anyone own any names in this industry? I'm not talking about CELG, GILD, ABBV ect. I'm talking about the speculative ones lol

Your own little Biotech mutual fund.  Are you accepting new investors lol?  Honestly that is the only way to do it.  Make a big bet on one stock and you'll lose.  I like your plan if you are going to invest in the sector.  You'll have to be willing to ride them all into the dirt because that's where most of them will end up.  1 1/2 winners will probably get you profitable.

I bought a few names in this space today. With the market over valued I had to put my money to work somewhere. I follow like 100 names in the industry and some are risky yes, but if you can find the names that have a deep pipeline and cash you can do very well in this industry. 

I have done well with SGEN, ILMN  and NBIX.  So I added 4 other names to my portfolio.