Nktr

Investment Analysis Clubs Saul’s Investing Discussions
1

Holy smokes,
I sold nectar about a half hour ago in the low 90s and added to my pure storage.
I didn’t expect it to drop to the 80s.
Meant to post before but I’m getting out of nectar because it seems like too much of a story stock to me and I’m more excited about some of our other companies including pure storage which was a bit too small of a position for me.
GLTA

2

I had originally bought my position around 104 per share.
I have no problem taking a small loss which I plan to make back in PSTG and on to hopefully some handsome profits

3

Holy smokes, I sold nectar about a half hour ago in the low 90s and added to my pure storage.

May I know why you sold nktr? I doubled my position at 85. Thank you very much for being so generous.

Alex

2 Likes
4

Hi Alex,
It wasn’t based on any deep analysis.
I just

  1. Haven’t liked the price action since I purchased Shares
  2. Although I haven’t looked into the financials very much I don’t feel like there’s anyway for me to quantify the worth of the shares based on earnings.
  3. I generally don’t like the volatility of Biotech stocks based on News
  4. It seems that there is going to be quite a long wait to find out if they’re big new drug nectar 214 is going to pass FDA approval.

In the meantime regarding PSTG

  1. The price action looks very strong to me like has bottomed and is heading upward.
  2. There is a clear growth rate of earnings close to 50% year-over-year Currently
  3. I wanted to increase my position size as I felt it was too small.

So I don’t basically have anything bad to say about Nektar the company, I just have no idea where the shares are going and I would rather have a stock where I have a good idea of where I think the stock price is heading based on fundamentals that I can understand.
All the best
MC