Further Added To Gilead

I have further added to my position in Gilead. Gilead is a former growth darling that is now a leper in the growth community. While most of the ownership has changed hands already there are  a couple of growth funds still paring down the position. For instance, as of September 30 Janus was able to cut about half its position in the stock, but still had a 20 million share position.

I suspect that the remaining growth funds in the stock want the position off their sheets for the New Year. Gilead was the only stock I follow that traded above average volume yesterday. These funds are selling into a very illiquid market. I am willing to give them the liquidity they are seeking and believe I will be able to sell for higher prices in the New Year.

6 comments:

Anonymous said...

Long BASI @ 2.06

Ol DAWG

Anonymous said...

Its weekly chart is not pretty. Be careful about the position size if you want to put a bet on it.

Anonymous said...

Sold BANR @ 1.98

Long RITT @ 7.54

OL DAWG

ANON - WELCOME TO OL DAWG'Z HOOD

ITZ A WUNDERFUL DAY IN DA NAYBERHOOD

Tsachy Mishal said...

I don't think I ever bought a stock with a nice chart.

Anonymous said...

does the failure in the Pulmonary Fibrosis Drug make you weary, or does it create a good opportunity to buy more?

Tsachy Mishal said...

It was a hail mary trial. It would've been nice but this was expected.