Wednesday, January 21, 2009

A nice snapback rally

Today was a nice reversal from yesterday's poor market action. In contrast to the past few weeks of sparse news, today my portfolio companies had some significant press. After the close, Noble (2.8% of portfolio) reported strong earnings, bringing the P/E ratio even lower. The outlook is cautious, but the stock is already pricing in a lot of pessimism. Also in the news was Alnylam (13.4% of portfolio), which reported some preclinical data. It's just animal data for now, but promising nonetheless.