Neurobiological Tech (NTII) Message Board

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Biotech / Medical : Neurobiological Tech (NTII)

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Mar 7 3:00 PM EST

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To: Apache Indian who wrote (624)	7/29/1999 1:26:00 PM
From: Mike McFarland	Read Replies (2) of 1494

Recent losses have sobered me up quite a bit...oh I still have a chunk of NTII...but I've halved all my positions. I was feeling pretty good a couple weeks ago...account was at a new high, Ariad had stopped going down... then WHACK! (biotechs cooled off) WHACK (magn's pex not approved) WHACK (aria resumed it's decent). A couple more hits like those and I'll be down to even for the year...well, I had to take steps to prevent further losses. If I have to go into hiding...perhaps snag some daytrading gains from a few momentum plays, so be it. I'd like to have held on to full positions in Mike's Microcap Madness...but it was just time to retreat and regroup. Market is a bit shaky--clearly that is true today...and I'm happy I raised cash yesterday. That said...NTII is bucking the trend...so that is good, and I'm glad for you fellas, heck, on a down day my account is actually up a couple percent. But mainly I just feel much less confident than I felt a couple weeks ago--sheepish might be the right word.

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