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Non-Tech : Invest / LTD

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To: SJS who wrote (12834)	4/4/2000 10:28:00 AM
From: Jeffrey Beckman	Read Replies (2) of 14427

Steve and all, I added some IMCL to a remnant yesterday, a biotech in phase 3 with a cancer drug which seems to be well-regarded by people into these types. They had good pre-clinical results yesterday which sort of got lost in the mess. Lost 2% yesterday, which would have been alot worse if not for stops and...actually owning QQQ puts. Let go of 1/4 of them on a pre-market guess, $2 up, so I've got a few minutes to dump the rest (g). I'm now down about 22% from the peak, when I was margined to 75% equity (well into cash now, 1/4 peak holding). Half of those losses are the government's, so I don't feel too bad (g). Jeff

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