Quote:
Originally Posted by waddy41
4444...seems like you're really into pharma stocks...i guess you like the volatility? Are there any clues for which companies are most likely to get approval?
With RBC Direct I placed a limit order to buy TU at $43.30 USD..and this is what happened
10 Dec 2010 T.A - TELUS CORPORATION NON-VOTING SHARES DA CVT EXCHANGE RATE 1.02490
Buy 300.00 43.3 -13,323.65 CAD 15 Dec 2010
|
its all research... i have a large portion of my portfolio in large cap companies, which are 'safe', i have a number of international large caps that pay good dividends (yes you'll be suceptable to currency/international risks, but still - for example Telefonica)... some mid caps which are well positioned to grow better than most in their industry whilst world economic growth continues
so that leaves the last 10%, my risk portfolio - here, i like to have some junior mines (which i'd love to get help from here, as i'm not in that space - i'm in the big mining space, and i can tell you, BUY BUY BUY any and all of Teck, Barrcik gold, and goldcorp on weakness - these companies are all very well positioned for the future), and now i've gotten into pharm.
i just follow the FDA's calender of decisions, look at the company, look into the drug, and make an assessment as to what i think could happen on the upside, compare that to the downside, make an analysis, and go from there... we're only talking $2-5K on these ones, so even if i lose it all, not the end of the day by any means... but definitely some big upside, potential for earning 20-100% in a day or 2.... equally, good chace to lose 10-50+ % in a day, hence why its such a small part of my portfolio