$Eli Lilly(LLY.US)
Context: Eli Lilly has had a strong run, gaining about 30% since March as investors remain optimistic about its diabetes and obesity drug business. The stock has also recently reached new highs.
My trade: I closed my position last night after the strong rally. Rather than chase the stock higher, I’m happy to lock in the gains.
Takeaway: I know Lilly remains a strong growth story but expectations are also high. Also, pharma stocks face risks from drug pricing pressure, competition, regulation, and the uncertainty of developing new treatments.
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