Wednesday, June 25, 2008

Steady news flow ahead of the Fed

While waiting for the Fed's interest rate decision in a couple of hours, I'm examining recent news put out by my portfolio companies. This includes yet another drilling deal; specifically a contract extension for Noble (calls 5.7% of portfolio). It will add a good deal of revenue to their backlog over the next few years. In other news, TorreyPines Therapeutics (1.8% of portfolio) hosted a webinar this morning regarding the inhibition of glutamate for treating chronic pain and other conditions. I'll listen to a replay of the call later today, and am quite interested, as I recently added a bit to my modest position.