Why I Bought Illumina - Market Folly

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Why I Bought Illumina
Jul 18, 2008 09:59 AM UTC

Market Folly

Return	Risk
-50.85%	LOW

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Symbol	Sentiment	Start	Return	Closed
TMO	n/a
BIIB	n/a
GILD	n/a
ILMN		07/18/08	-23.39%	--

Via Long Investment Ideas from Seeking Alpha:

Wednesday on twitter, I "tweeted" that I was most likely going to get long Illumina (ILMN), and that's exactly what I did. If you haven't noticed, there's been a big rotation into healthcare/biotech/bioscience companies as of late. I already have exposure to this somewhat through Gilead (GILD), Biiogen (BIIB), and Thermo Fisher (TMO). But, the positions are smaller relative to my overall portfolio. So, I wanted to increase my exposure there while still maintaining diversification in the various health/bio sectors. In this market, you play what's working.

Taken from Google Finance:

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