Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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PRESSmUP
The last week has been good preparation for playoff pressures....nicely done Tito.
Very odd action today. It wouldn't surprise me that whoever was buying in the first 10 minutes of trading this morning, will be selling those same shares this afternoon.
Scott....I know REGN as they were my client, and I am somewhat familiar with their pipe. GILD certainly has a lower PE, but a smaller therapeutic footprint in the market.
Linter...I have a feeling there are a few folks on this board who hope your order never fills. Looking at both REGN and GILD, but not sure if that's a pool I want to jump into.
It's a'gonna happen... just don't know when.
Seems like that just happened today, according to links which Ted provided. We are now officially down >10% from the May highs.
I have my shopping list handy, so we shall see what the mood of the mark…
Sorry for the imprecise wording jlev....FMIJX being "first out of the gate" meaning it will be the initial spot where new money will be flowing. I currently do not have a position in the fund.
press
Hey Skeet....I am going to pull the plug and take a helpful loss on PG and CVX. I have no idea at all what oil is doing, and PG is wandering in the desert as well. I have a feeling my mutual funds may see some redemptions, and thus some taxable gain…
I added a slug of VTR prior to the Care Capital Properties spinoff, and will wait until the bell rings on the initial rate increase for any more reit purchases. Other than that, the funds remain inactive from my 401K rollover, waiting to be deployed.
That means I will sign up for a Costco Visa card....a Chase Mastercard United Airlines card for everything else.
I love Costco. Seriously. I just need to figure out what to do with my AE points.
I have no desire to sell, but I haven't gotten the urge to put my 401K rollover to work in equities at this point either. Sitting on a pretty good slug of cash doing nothing in the rollover account. I did buy an additional tranche of VTR since reits…
Curiously, I ran across a shareholder report for the FMI group this morning, who echoed similar sentiments. The first 5 pages of the linked document are pretty sobering if financial engineering makes you a bit queasy. They don't have a great deal o…
I also was not seeing the downside protection, and felt uncomfortable with the fund since the AMG move. So....I swapped it this past Friday for GLRBX. I had been admiring this fund for several years, and the recent MFO spotlight got me moving. It is…
I have all I can stomach by owning BB's fund (FAIRX).
It was refreshing to own several items which "zigged" when the market "zagged" over the past few days. A few reits along with FAIRX did well.
Frankly, I won't be the least upset when BB clears …
Unfortunately for several of the participants, it appears that FOX took the opportunity to begin to "cull the herd". The weekend gab-fests should start to tell us the results.
It's in my hometown, so of course I'll be watching. Not going near the venue of course, but it is almost picture perfect weather....absolutely glorious.
If only there had been a few more tax cuts, then these funds would have skyrocketed in lieu of having to liquidate. By the way, was the prospectus written on the back of a cocktail napkin?
Sorry.....
press
I bought into biotech too early....LGND (Ligand Pharma)....about 10 years or so I guess. bought it around 9, went to around a buck and a half, did a 1:10 REVERSE SPLIT (the investor's 2X4 across the forehead signalling that you made a big mistake) a…
I'm employing the time honored practice of assiduity.
"Assiduity is the ability to sit on your ass and do nothing until a great opportunity presents itself".
-Charlie Munger
At that point David, money is a distant consideration. By virtue of family experiences with both parents, I am a firm advocate for palliative care, and believe this should be a topic discussed in terms of advanced directives.
Which EVERYONE should …
Interesting thoughts. One thing I've decided for myself is on the thought of manager diversification. To me that is really no different than using an index fund, which I do.
I suppose that may be true depending on the holdings and philosophy of t…
Safe... I suppose so. As much as anything on this side of cash.
I have 2 years of spend in my taxable account in VWITX. I do know that VWITX has no Puerto Rico exposure, so that's a plus. On the bond side, I have absolutely no idea what is safe and…
Eric Cinnamond did comparatively well in 2011, and served as good ballast for my personal portfolio. He lost his way and lagged dramatically....to the point where the common refrain of watching the performance for the "full market cycle" became a mo…
Over the past several years I've grown a bit concerned over certain efforts to denigrate or diminish our education standards. From the uproar over the teaching of critical thinking skills, the partisan battles over textbook composition, to the recen…
Looks like the holders in this space are getting a bit twitchy. It's not logical to assume a similar miss on other pharma companies, as the companies are unique based on their compounds and pipe...unlike say chip companies or airlines which move mor…
