Bought a 2% starter in $DECK. Good writeups by @MattJMcClintock and @andrewcoye.
Like the buybacks as technical defense (and contribution to convexity if the bull cases are right). And I'm always a sucker for bottom searching! Looks like a strong bid at $88.
Closed out $SKHY / $000660.ks trade. Not bad for a few weeks. Wish I’d sold more on the initial 30% jump and rebought when it hit 1.38m KRW again, but alas.
Took a shot at calling at least a ST bottom in $ABVX. Spent all remaining cash across IRAs at sub- $117 today- fully allocated now at a $121.81 avg across all post-Jul 1 buys.
If it falls sub-$110, will likely switch to calls. If it gets back above $130, I'll trim.
My $QURE takes:
1. Think mkt is cautiously handicapping regulatory risk. It went to $70 last fall under assumption accel approval was a sure thing. Not so complacent this time.
But until BLA is accepted or 4Y data I expect it’ll have trouble going much above $50.
