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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (56629)1/12/2016 1:03:38 AM
From: E_K_S   of 78708
 
Achaogen, Inc. (AKAO)
Tekla Healthcare Opportunities Fund (THQ) - small add to this Pharma CEF Fund.

I started a small position in this Bio-Tech stock (AKAO). The stock got to my But price of $5.18/share. The only value proposition is that they have $3.84/share in cash and two Phase III candidate drugs in the pipeline.

I have been following the company for over a year since the FDA wanted them to broaden the scope of their original Phase III trial. That has/will require a lot of cash but they still probably have enough money to complete that before they may need to raise more money.

It's a small position. My oil and natural resource stocks continue to sell off, so I am focused on other sectors.

Also added a few more shares to THQ as it sold off w/ the rest of the market. Their top 10 holdings look ok and seem to be over sold.

EKS
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