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Exiting My King Pharma Position with a Nice Gain

I agree with you 100%. KG has great potential for appreciation and under good market conditions could be a $18/share stock, while AZN is not a bargain basement pick. However, health care companies are a traditional recession play and too many people have been shifting too much money into them, recently. Whenever this happens, the group becomes overbought and experiences a correction. In addition, market players are very jittery these days and are eager to take money off the table whenever there is a gain. For these reasons it was prudent to sell KG quickly and this is also why it was trading for under $10 again today.
Jan 23 20:56 pm |Rating: 0 0 |Link to Comment |View article

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by SA Editor Rachael Granby

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Jake Berzon

Comment Stream » KG (1)

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Exiting My King Pharma Position with a Nice Gain

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