Although I have always been long OPK, I remember thinking how stupid he was when he announced that he was putting 100% of his portfolio into OPK. I would never go 100% in any stock.
In any case it looks like it was a great call as he must be up at least 15% in his portfolio by now in a few weeks, or maybe 30% if he margined his account.
Good call! Wish I had the balls to make that sort of play!
We might see OPK at $10 by September.
Sentiment: Strong Buy
univers - if you think of OPK as a "Holding Company" the 100% are diversified!
Look, I'm long on the stock. Regardless of the different companies, it has bought over the past year or so - it's still a biotech / drug company. Having 100% of your portfolio in this sector does not qualify as diversified.