Pharma stocks are finally popping! I have been pushing money into several co. that I thought had solid management and pipeline for over 15 years. Biggest holdings are Merck (most bought after Viox), Schering, Wyeth and Pfizer. I am seriously considering "culling" some of the gains next week. They are reporting performance next week...and it is looking good. I am considering pulling out 25 - 35% of total holdings and placing into global balenced funds to become more diversified. These holdings represent approx. 16% of my stock portfolio....and growing(over 3%..today). I have been biting my nails concerning these stocks w/ all the recalls/litigation/generics/pipeline possibility vs. deadends. But, I see them being successful in the future w/ potential slumps, thus my leaving the majority invested.
I have been waiting till they started popping......of course my concern is to not pull gains to early during a sector surge...but then again....not be greedy and hold to long. In this environment, pharma stocks are always one reaction/symptom/recall away from a freefall. But then again this sector is for the most part "underpriced".
There will be little tax hit as most are held tax sheltered
I love having this group to bounce off!
What are your thoughs? Hold em or semi fold em?
Thanks in advance.
I have been waiting till they started popping......of course my concern is to not pull gains to early during a sector surge...but then again....not be greedy and hold to long. In this environment, pharma stocks are always one reaction/symptom/recall away from a freefall. But then again this sector is for the most part "underpriced".
There will be little tax hit as most are held tax sheltered
I love having this group to bounce off!
What are your thoughs? Hold em or semi fold em?
Thanks in advance.