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Varian Medical Systems

Investing lessons from the biotech rout

The Healthcare Model on Covestor had a challenging month in March and into early April, 2014.  As of April 3, 2014, the model while down 6.3% for the prior 30 days. Over a 90-day period, the portfolio is up 11% and, on a  trailing 365 day basis, it's up 44.3% as of April 3, 2014.This portfolio had a good ride with some of the bigger biotech names like Alexion ( ALXN ), Celgene ( CELG ), Biogen Idec ( BIIB ), Illumina ( ILMN ), and Gilead ( GILD ).  Recent biotech purchases like Vanda ( VNDA ), Salix ( SLXP ) also came under intense selling pressure during the month’s now infamous biotech rout .This month tested my manager skills. With some of my top stocks declining, should I stay put or move aside?  Like the Wisconsin Badger’s Frank Kaminsky who learned to pivot to help get his team to the quarter-finals of the NCAA March Madness basketball tournament, I also tried to employ the Wisconsin ‘pivot’ in investing.My first instinct as my leading holdings started breaking down was to sell a...

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