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Strategies & Market Trends : January Effect 2005
IWM 251.39+0.2%Dec 9 4:00 PM EST

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To: Q. who wrote (46)1/11/2005 10:29:20 PM
From: Q.  Read Replies (1) of 76
 
Update on my results:

As compared to Dec. 31:

original portfolio: down 8.5%
actual portfolio*: down 7.3%
Russell 2000: down 6.2%

* actual portfolio: PARS sold @ 1.25 Jan 4.

Today was another down day in the ongoing correction, which is hitting small caps harder than blue chips.

My best performer is at breakeve. That's LIPD. It put out an 8k today disclosing a letter to shareholders that touts the company's prospects. Here's an excerpt:

Dear Stockholder:

We expect that 2005 will be the year Lipid Sciences springboards from a pre-clinical stage company to being poised to launch a human clinical trial for our proprietary selective HDL delipidation technology.

Why am I so bullish as we enter this new phase of your Company’s development?

Today we have submitted a pre-Investigational Device Exemption packet to the Food and Drug Administration. That action positions us one step closer to our goal of the initiation of a human clinical trial for our HDL Therapy platform.

The information submitted to the FDA is based on solid scientific data, which has been reviewed by our Scientific Advisory Board, that demonstrates that researchers have successfully used Lipid Sciences’ proprietary delipidation process to turn good cholesterol into great cholesterol and thus remove arterial plaque at a greater rate. Dr. Frank M. Sacks, Professor of Cardiovascular Disease Prevention, Harvard School of Public Health, and a member of Lipid Sciences’ Scientific Advisory Board, was invited to present the Company’s breakthrough selective delipidation data at the American Heart Association’s Scientific Session 2004, a major annual health conference that was held in November.
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