I’d like to call out bulwinkl for a special thanks. He brought Kite to the board about seven weeks ago. He explained the company well enough to interest me in researching it further, and I took a small position at about $47.60, and added tiny amounts a little higher. That initial position is now up 59% to $75.80 in seven weeks, and has certainly been very profitable for me. That’s how we all help each other on this board, and I really appreciate the heads-up from bulwinkl.
Saul
Saul,
When you describe describe the size of a “position”, are you generally describing an initial purchase size of approximately 6% of your portfolio amount? If so, would a small-size postion be equal to an initial purchase of approximately say 2%-ish of your portfolio, and a tiny-size equal to approximately +- 1% in general, broad-brush terms? Similarly to describe a large or over-sized initial position, would that generally be in the 8%-ish range?
I am learning so much from your boad and from this great group of Patti pants. My sincere thans to you for the learning opportunity and collaboration that you provide us as followers and participants of this discussion board. I continue to learn and thoroughly enjoy following and participating as I am able and as my knowledge level and confidence increases.
sjo
participants…oh the joy of spell check.
When you describe describe the size of a “position”, are you generally describing an initial purchase size of approximately 6% of your portfolio amount? If so, would a small-size postion be equal to an initial purchase of approximately say 2%-ish of your portfolio, and a tiny-size equal to approximately +- 1% in general, broad-brush terms?
Hi slo, and welcome to the board. To respond to your question, now that my positions are down to 10 to 12 total, when I think of a regular position I guess it’s 6% to 8%, a small position being 3% to 4%. When I took a position I said I was thinking of it as a play-money speculation, and was keeping it at 0.5%. However I added some as it rose (at about $52 to $54, and then a bit more after they announced the results, as it was rising, so at yesterday’s close it was up to a “risky” 1.8%.
Saul
I like Patti Pants!
Thanks Saul,
Glad to help. It’s gratifying to know that KITE has put 36% of the of the Lymphoma patients that had a 6 month life expectancy into COMPLETE REMISSION. Over 70% had a positive response. Of the very, very sick patients in the Phase 3 test, some were too far gone to help. It’s to early to talk about those in remission being cured. They might be. I suspect the news will be even better for healthier people who receive treatment.
Congratulations on your investment. Today you are up 72%. I’m glad your capital did some good, in more ways than one.
Best Regards,
bulwnkl
Saul,
PS I appreciate the help you have given me too. I picked up SHOP (+131% in 10 months) and ANET (+37% in 6 months) after you mentioned them. I am grateful for you and others free sharing of ideas. It makes it easier to follow my own path. To me, I feel like the board is a force multiplier that reduces the work I need to do to identify great stocks and gives me a POV to consider when selling. Like you, I keep a concentrated portfolio (14 - 18 stocks). I do have my own criteria, and even though I tend to move in and out of stocks less than you, it is difficult for me to keep up with the stocks, my day job, and be a husband and father. The conversations on the board and TMF newsletters enable me to have more time with my family.
God bless you and thanks for the help.
Best,
bulwnkl
Amen bulwinkl!
My Jan '18 $70 Calls are up 257%. It was totally because of you! You made a compelling case.
I hear we are waiting for FDA approval in the fourth quarter. If you have further info, please let us know!
Take care,
AJ
Thanks for the kind words. I will track the application the best I can, and let you all know something when I know something.
Best,
bulwnkl