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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (17163)6/6/2003 1:04:56 PM
From: sjemmeri  Read Replies (1) of 78519
 
I recall (as you may also) posting a list of what I thought were then cheap biotechs (some below cash) that I bought last year. Well, they all got cheaper. And I added shares and bought other ones and ended up with a very outsized position (but well diversified within the group) that was just killing me until the tide turned this spring. Recently, I've pared that overall position way back (sold all of some of them and some of all of them) and ended up doing fine. But it's been a wild ride. The ones I still own I haven't looked at the price relative to cash lately as I eventually started watching for milestones, and presentations, and deals with big pharma, and results of Phase I/II/II trials, and FDA decisions, etc.
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