RISKY INVESTMENT

"TO THINK AS A MAN OF ACTION; TO ACT AS A MAN OF THOUGHT"

Commodities are down hard and market is up, although rather timid. I am out most of the day and not prepared to do too much. However, I added some COM.TO here. I believe this RTF letter from FDA represents a pretty good opportunity and I can see it going up to $12-$13 level in the next few months, without meaningful good news, as long as it refiles its NDA in a reasonable timely fashion. Having said that this is a rather risk investment (single drug, not yet approved, small cap), and I am prepared to trim it down a bit once it reaches $12 level.

HOM stopped out this morning. It remains on the watch list and I would like to add it back sometime in the future.