We said back in this post May 04, 2017 that if you were able to get your mitts on any $BHVN under $22 in the early days, you would quite likely do very well in the near term.
Here we are, just 3.5 months later and today the shares broke through the $38 level.
In our book, taking a 2.3X return in just 3.5 months is smart.
Biohaven has enormous potential no doubt, but we would rather revisit if and when the shares retrace to the low 20’s.
For now, our position is closed and we remain on the sideline.