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FMG.AX Fortescue has been on a huge run since Rio shafted the Chinese. It's $4.17 as I write this. I think the reasons for the run are self evident, the Chinese will want to build up another strong iron ore exporter and FMG is the realistic option.

BTA.AX Biota today announced they successful results to their IIa study for HRV (common cold)
There is some excitement over this with idiots talking about $10B annual market. Realistically it is a small market as people vulnerable to further infection would go to doctor and buy a $25+ medication for a self limiting virus like the cold. The real news will come out on 22 July when GSK announce the latest quarterly Relenza results. GSK pay royalty to Biota (7% worldwide, 10% Australia). The other big news that is expected is the results of the LANI P3 study (long acting anti viral/single dose). Daichii Sankyo are running the trial.

MQG.AX Macquarie Group have also been on a huge run. They are at $39.11 as I write this which is staggering when you consider investors only had to fork out $26.60 in the capital raising share purchase plan two weeks ago.

CSL.AX CSL Limited looks attractive to me. They have been sold off on uncertainty over deal which just got canned by the FTC. Now investors are concerned about growth. I see upside, but am hoping for lower prices.

More good investing sites for Australia

One final mention
I have posted about Prana Biotech PBT.AX in the past. Nothing appears to be happening. They completed their P2 trial for their lead AD compound early last year and rumors were they were about to sign a contract with JNJ. That never happened and still nothing has. I suspect large pharma are just waiting for Prana to get incredibly desperate before offering a pittance. It is unsmegingbelievable that management could had botched this so badly. They had good results and the worlds third most advanced candidate in AD. It's wait and see for me.

I hold shares in most of the above.
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