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Biotech / Medical : Insite Vision Inc.

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To: Awashonks who wrote (957)7/15/1999 1:56:00 PM
From: bob zagorin  Read Replies (1) of 1060
 
trust me murphy's basis was a lot more than $1 closer to $4 i would guess. he was recommeding it at 6.

he was talking about his model portfolio which was leveraged. he didn't sell all of these stocks but may be 2/3 of each. something like that. i didn't take notes. don't know what he did with his mutual funds. among the others he trimed or sold were HGSI, LGND, VICL, DUSA, CORR.

bottom line, murphy has a good biotech analyst on fundamentals but his own ego which compels him to see the world as "murphy against wall street" often interferes with his judgement on timing etc.
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