The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (11306)	1/22/2000 12:42:00 AM
From: marc ultra	Read Replies (1) of 15132

Overall so far so good in my case since the TAA(tactical asset allocation) was called. Yes I had some of the same stocks that ran away after I sold like TER and NVLS not to speak of AAPL but most I got out of at pretty decent prices. Luckily I stuck to my decision to short SPY so as to comfortably hedge my funds which have run up and have a slight profit in my short position. It will be interesting to see how this all plays out but staying away from shorting the NASDAQ has so far been the right move and I hope those who did are at least getting appreciation on the stocks hedged against. Actually the reason why I am pretty happy at the moment is my one biotech ENMD that I mentioned again a few days ago here was up 22 points or 61% for the week following a good gain the week before and since this was my largest stock holding it's now way over 10% of my equities so a blow up will be painful. While the early stage endostatin cancer drug trials are under a shroud of secrecy the rumors and innuendoes I'm hearing raise a possibility something good is starting to happen but I have no direct knowledge or a source to really know what is going on. At least all reports agree no toxicity has been seen and we are now at a dose where efficacy might be expected extrapolating from mice data. No official announcements are expected for a very long time so it will be interesting to see what might happen in the interim. While it is technically in a Phase 1 safety study numerous tests are being done looking for possible tumor responses. I would not be surprised that if Bob's market concerns bear out we might suddenly get some big down days of many hundred points sometime in the near future. After all a 20% correction off the Dow highs is a drop of over 2300 points. Mondays are always the preferred day for such things for some reason so a real correction that includes the S&P and NASDAQ perhaps is not far off. Marc

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