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Non-Tech : Paired Trades and Hedging Strategies

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To: Biomaven who wrote (43)12/4/2004 9:58:02 AM
From: IRWIN JAMES FRANKEL   of 136
 
INTC/AMD - Congratulations. Looks like it could have made 40%. Not bad for a hedge - but then I have high expectations for biomaven picks.

ELN/BIIB Interesting to see Jon turned bull on ELN. Funny since I am near/intermediate negative. I think ELN could pull back to high teens or low 20's, between now and Oct05. That would be more likely if there is any perceived slow uptake of Tysabri. Longer term Tysabri looks like a big seller.

Last night I was with my in-laws. They are particularly interested in Tysabri since my wife, their daughter had MS. Then my father-in-law gave me a paper and asked me to write down the name of Tysabri for him. It seems that the son of one of his friends was just diagnosed with MS. So there are new patients for T every day. Unfortunate but true. Thanks to T more and more of these people will have hope. (When my wife was diagnosed - there was NO TREATMENT. Pretty ugly day for a guy like me who THINKS he can manage anything.)

May the Blessings of this Holiday Season be with you all,

Jim
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