ALXN: Why it Pays to Have Patience

Listen, all too often I fail to have the patience required, especially when I am managing risk. Yet truth be told, a risk-managed lack of patience has saved many a steep loss as well.

But I stuck with ALXN due to the daily chart’s higher low, the weekly chart’s potential bottom and my relatively positive view of the company itself. Here’s the daily chart, in 30% arousal on a buyout by AstraZeneca.

alxn

I’ll have to figure out if AstraZeneca is a company I want to own, but it’s probably not. [edit] It isn’t and I’ve taken the profit on ALXN. Thank you so much sir. It’s in a non-taxable account and I’ll go find the next opportunity w/ the proceeds. 

ALXN

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