Biotech Stock Picking - 2003 Message Board

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Biotech / Medical : Biotech Stock Picking - 2003

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To: EVENT HORIZON III who wrote (281)	7/17/2003 1:46:52 PM
From: Mike McFarland	of 383

Looks like I replaced my '02 picks with my '03. Lucky me, I trade biotechs in the real world too so I can just reference my monthly statements. Oh, I don't want to do that. Nevermind <g>. Here is an example of what can and did happen trading biotechs these past several years: My wife's account went from less then 10k (IRA contributions) to well over 100k, then down to 25k, and back up to 50k. 5x is not bad over less than five years, but counting down from the top is painful (my advice, don't do that. Remember--it is all house money til you walk out of the Casino). That's my reality check. I should draw a little graph and post it to the net of percent in cash--but that pretty much trends up from little cash to all cash over the last three years--with a few bumps up to 25% in stocks periodically. fwiw/mm

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