Cleaning House - Year-end Stock Trades
Closing positions in RealNetworks, FAST and Nektar
Today trades crossed selling out of positions in RealNetworks and FAST, Nektar. None of these trades panned out. In fact Nektar was my biggest loser at ~45% under average buy price. Pfizer's return of the licensing rights killed NKTR the inhaled insulin device manufacturer. RealNetworks took it on the chin when Microsoft settled its lawsuit and FAST is seeing a lot of competition from upstarts like Endeca and consumer search folks like Google. There are a few other trades on the way...
Portfolio year in review next week... it's been a year of big wins and big losses. Up on the year but not by enough...