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What are you buying today?


LowIQinvestor

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Bought a bit of BMRN this week. I have been following the company for a while and after the recent drop, the valuation seem Ok, even if the Hemophilia treatment won’t pan out. I like their focus on rare diseases and they are self funding and at this point, I think the Hemophilia drug is more like a free option.

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Looks like a lot of people here are buying today albeit no significant drops across the market... are you guys having a change in your thoughts on the general market?

 

I think "the market" is overpriced but that doesn't mean everything is.  Everything oil related is dirt cheap right now and some stuff that I consider pretty safe (KMI, PSX, PBF) I have added to in recent days.  Oil and product tankers are super cheap too now but if I kept buying my position would take me past my "good night's sleep" point. I'm trying to walk out of the burning building with the most valuable stuff that I can carry before the whole thing comes down.

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