My last call in a while - PCYC
Paul, I was really really lucky lately and thank you for your positive comment.
This is an email I sent out yesterday. I don't recommend you to buy any stock and this is just for the record on what I am buying/selling.
I sold all VICL and buying into PCYC. They are in the same biotech/cancer drug business and PCYC is 30% under valued than VICL according to my proprietary model.
Best,
Steve168
From: Steve168
Subject: I am buying PCYC near $4.5. 7/8/2003
The biggest gain in stocks was probably already made
in the past 3 months, but the next 10% is surer,
because the big trend is clear: Money is flowing from
fix-income securities (bonds, money market, etc) to
stock market. People are sick of 0.5% money market,
and realizing the risk-free interest of bonds are
becoming interest-free risks.
Deeply undervalued stocks are very hard to find, my
major holdings ALVR, VICL, DUSA, AIRN and EONC all
reached/passed cash value from 30-60% discount to cash
just couple months ago. My portfolio is up 150% in
the past 2 years, no margin, no options, just
long/short US common stocks. The model is built on my
12 years experience in the market, value oriented (big
fan of Graham and Buffet's early years) combined with
technical analysis and my proprietary Internet data
mining tools (I wrote the program).
There is only one buy from my model, and I am buying
it - it is PCYC. It is a beaten down biotech trading
at 30% discount to cash, with no debt and tolerable
burn rate. It has cancer drugs in phase III trial and
early results are positive. I am buying the pipeline
and intellectual property for free. There is
significant risk of buying any stock, and I don't
recommend anyone to buy any stock.
I have two parties made oral commitment to invest with
me once my hedge fund is setup. I am working on the
paper work and registration.
Good Luck and Happy Investing!
Steve168
PS: I occasionally send update emails to friends
about what I am doing. If you think this email is
sent by error and want to be removed, please let me
know and I promise to do it. |
