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Tuesday, March 10, 2009

Bookkeeping: Closing Emergent BioSolutions (EBS)

Posted by Mark at 3:08 PM TweetThis
I am closing the last 0.2% stake in Emergent BioSolutions (EBS) today on putrid price action in a very strong market. I am not sure why it is suffering but much like the AeroVironment (AVAV) play, this is a thesis on government spending. So worries about less money per anthrax vaccine could be holding over the stock - I am not sure. I just know there should be no stock in the red today... looking at an intraday chart the stock popped to near $20 and has sold off the rest of the day, down to $18.60. I am going to exit here with a small loss on this last piece - my problem now is I need to start finding some new long candidates that are not ETFs.... it seems very few individual stock can stay consistently good for 4-6 months.

No position


Posted by Mark at 3:08 PM

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