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Biotech / Medical : The thread of life

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To: Mike McFarland who started this subject	10/21/2003 1:06:49 PM
From: Mike McFarland	Read Replies (2) of 1336

Tue Oct 21 at 12:36:39 2003 I sold the last of my microcap biotechs! 107092 CPHAF @ 0.1550 Executed--out for about what I bought it for in my wife's account a year or two ago. Now, the morphine analog may very well work out. But I would not bet on it (I'm not sure I have the stomach to bet on stocks anymore--those last few years were really hairy). Anyway, selling them off one by one over the past year rather than panicking when the market was bottoming out probably saved me at least 50k, and probably closer to 80k if I add it all up. My wife's account bottomed out around 25k, or a little less, and has since gone to over 60k. That is not too bad--although down 50% from the spring 2000 high. But up about 10x what we put in to start it (a few years of 2k IRA contributions). The microcap madness portfolio is closed! Total profit, 800k. I'll leave this game to the experts, and besides, I have a couple kids to soak up my time <g> Good luck all! If I can get this Earthlink website to work, I'll post a picture of me and the baby with a bottle of champagne...and one of milk.

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