Look again, they're next to the Dilbert calls.
Guess the machine ate my post last night. I grabbed a lot of
CH yesterday at 21 1/4, but I had to sell some GEMS in my IRA
at 14 15/16 (from 10)
so some of the CH can be a tax-free trading position. Thought
this was probably stupid, but now GEMS is down... is this entirely
on worries about GEMS Asian business? (I still hold some GEMS in
a taxable account, at a loss.)
At yesterday's close of 22, CH was down 3.83% while the IGPA was
only down 0.97%. Today, IGPA is down .66% while CH is up an eighth.
I would guess the discount has still widened, and think it's
attractive here (I'm fully loaded for the time being.)
Unfortunately, dipped a toe in EWJ Weds.... talk about timing.
Have you ever looked at Pharmacyclics (PCYC)? They specialize
in light-sensitive compounds, for use in cancer phototherapy,
and (less far along) possible use in atherosclerosis (phototherapy
for removing arterial plaque), also have a few other projects.
I got out at 27 the day before some interesting results were
released on the cancer treatments, looking at getting back in
as it may be pulling back.
It has had quite a run this year, however.
Thanks for your always insightful posts to us. Nice call on HK...
I've been squirrelly about Hong Kong for quite awhile (like before
it ran up), but not
with your sense of timing!
Cheers,
Howard |
