A diary of the thought process behind my investment decisions
Pulled The Trigger
I bought the healthcare ETF XLV this morning at 28.10. I have been eyeing healthcare lately as the stocks seem to be discounting the kitchen sink. I was scared to pull the trigger because the stocks have been in freefall.The Sanofi report this morning was the final straw. The majority of the money from a deal would likely flow into other healthcare companies. I will be looking to cut other longs over the course of the day to make room for this position.