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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (53716)	4/9/2014 11:07:52 AM
From: Jurgis Bekepuris	Respond to of 78596

Nah, I am not looking to buy biotechs, was just cheekily commenting on E_K_S buys. :) GILD - I missed it totally. I had a large position and sold when they paid billions for the hepatitis biotech thinking that they hugely overpaid. Apparently they were right, I was wrong and the stock tripled or more from where I sold. My results with pharmas are really crappy. I don't understand the periodic euphorias when the patents are still expiring, the R&D costs are huge and the drug improvements seem to be minor. But then I am not in the industry, so what do I know. :)