Biotech Stock Picking - 2003 Message Board

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Biotech / Medical : Biotech Stock Picking - 2003

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To: keokalani'nui who wrote (198)	4/21/2003 2:12:04 PM
From: michael_f_murphy	Read Replies (1) of 383

>>Now that the tax man has had it with you maybe you could consider this important matter. One has to adjust the original cost basis of the remaining securities if the acquired security is deleted from the portfolio in order to keep the SI portfolio gain percentage calculation correct. [How would I have tried to do it? (Now that I have the benefit of hindsight!) Keep the original cost in the portfolio with a current $0 market value, e.g. use symbol OGSI.OLD? Then add additional, separate "purchases" of the other existing securities with $0 cost but the appropriate number of shares/value, dated appropriately? Has a bit more "paper trail" look to it but should work??:-) ] All this historical accounting backfilling seems like too much effort when one can determine relative perfomance equally well by just using the portfolio value. So I think cost basis adjustment is "optional". Yours looks very nice though :-) Just so there will be no surprises then: The portfolio rankings are based on final market value, not the indicated gain percentage. OK by everyone?

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