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Biotech / Medical : Biotech for less than a buck.

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To: RWReeves who wrote (209)12/3/1999 1:04:00 PM
From: RWReeves  Read Replies (3) of 743
 
Housekeeping...

Small Wonders sells off IMMU at 2.813 for gain of 104%. As noted previously, there seems to have been a money pump going between 1 and 1.5. So just to make sure we ain't party to such shenanagans (sp?- where's Dr. Voodoo when you really need him?) extending to 3 we are taking our profit and exiting stage right.

Looking to add some goodies; mostly McFarland brand stuff:

VLTS, MAGN, TGEN, maybe CNSI. Probably move SRK over here from the CRO portfolio where it doesn't belong. And add some Franklin Biotech for internal standard purposes. Looking at their holdings (up to 6/30/99 at least) it has some nice LTAB positions. Reading through the other funds, ho hum, Amgen Biogen, jeez even some Fannie Mae? Where do they get these fund managers? Even the ever lovely Janus family of funds that have been dang good to me over the years has a real howler for their Global Biotech portfolio.

Please go on with your discussion, guys.

BTW, if AVNR filed an NDA then its in CDER's hands and unlikely to get kicked over to CDRH which handles devices (and hence 510(k)s). OTC is CDER's baby as well.

RWR
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