Investment Ideas Update
Model Portfolio Update
Our DIAMOND MEMBERSHIP Service is all about specific investment recommendations that are made based on our proprietary Analytical process.
On September 21st 20198, in our post titled THE NEXT BIG THING we recommended a very small company called MICROBOT MEDICAL INC. MBOT US as one of our Investment Ideas
We also added it to our Model Portfolio.
The combination of technology and healthcare is, in our view, one of the most promising area of development in the coming decades and Microbot Medical has developed technologies that should revolutionize the economic model of healthcare, reducing considerable the cost of health.
We bought MBOT US at US$ 6.25 on September 21st 2018, and it fell considerably in the following month, losing almost 89 % of its value in December 2018
On November 27th 2018, we averaged down and doubled up on our position at US$ 1.89 in our Model Portfolio.
Shares of medical device company Microbot Medical Inc. MBOT, rose +89.17% today, after+ 82% yesterday, trading at US$ 18.5.
The Company announced it had validated the operational effectiveness of a self-cleaning shunt for treatment of hydrocephalus in an independent in-vitro laboratory study.
Hydrocephalus is a condition in which excess cerebral spinal fluid in the brain’s ventricles causes increased pressure that can result in damage to brain tissue.
About an hour after that announcement, the company unveiled a $3 million registered direct offering priced-at-the-market for a purchase price of $6.50 a share.
The stock has gained more than 1000 % since November 2018 and January 2019 and is now trading above $18.
We took profits on half our position today at 18.5 $ but will come back in the trade at a later stage.
Investment Ideas – DIAMOND Service
The impact of this sharp rise on our list of recommendation is obviously positive, even if it is only 1/60th of our portfolio.
As at January 16th 2019, 8 months after we stated the service in May 2018, our Investment ideas portfolio delivers a + 8.82 % gross performance over 97 days hfldingperiod, or a +33.14 % annualized average.
Model Portfolio – GOLD Service
MBOT position represented 1.5 % of our portfolio at the start and then we doubled it in November 2018. Yesterday it represented five % of the portfolio and we sold had the position.
Our Model Portfolio is now up + 13.46 % since the beginning of the year.