Gaurav S. Sharma's  Instablog

Gaurav S. Sharma
Send Message
My areas of interest and expertise include technology, biotechnology, and financials, among others. I have a long-term strategy and am both a growth and value investor. My picks have consistently outperformed the market and I expect them to continue to do so. As an investor, I have had great... More
  • SoL #15: I Bought The Biotech Dip 0 comments
    Mar 15, 2014 11:15 PM | about stocks: CELG, GILD

    Yesterday was a very bad day for biotech stocks. Celgene (NASDAQ:CELG), for example, fell over 4%, with a similar situation in other stocks in the sector. There was no real material news in the industry yesterday, certainly not enough to cause such a widespread dip. The only explanation is a broad market sell-off yesterday, which happened to knock down these companies more than others.

    Because of this, I snapped up shares of both Celgene and Gilead Sciences (NASDAQ:GILD) at multi-month lows. I believe in both of these companies long-term, and today was simply a great entry point. They are undervalued considering long-term growth rates and I, despite losing money, actually liked it for the bargain prices on great stocks.

    Disclosure: I am long CELG, GILD.

    Stocks: CELG, GILD
Back To Gaurav S. Sharma's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.