The strong equities market of 2013 has benefited from the participation of individual investors such as myself who have arrived late in life with modest resources and great enthusiasm. We rarely buy large positions in a single trade but rather accumulate shares over time. Once enlarged, we can ill-afford to hold our equity through problematic binary events incurring massive portfolio losses.
This new investor profile of finite resources and abundant desire demands a strategy that emphasizes safety and proper timing. Reading the blueprint means identifying companies with strong financial positions, which essentially means no debt and a substantial amount of working capital preferably from recent financing activity.
Strength of Safety: Synergy's Solid Financial Position
Synergy Pharmaceuticals (SGYP) is...