Thursday, 20 July 2017

Rally to Continue

I've been looking at Gilead and Talked recently. Gilead turned around after declining by over 40% from USD120 in 2015. It is now USD72 and definitely worth a buy. The company is in the process of producing HIV, Hep C drugs. ROE 74%.

Talked gapped down recently due to a scandal involving a oncologist. Once it gapped from 0.74 to 0.66, a window has opened.

EWZ is Brazil ETF. It fell from 40 to 32. If you buy at 33, it would have been over 10% up at 37 now. Brazil's expected return is over 10% per year, 3rd cheapest ETF in the world behind Russia and Turkey.

The rally is incredible. It is unlikely to pause until 2018. I am prepared for whatever happens but we shall be brave for now! 

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