Biotech stock picking contests:
For the latest contest, having very little
time to watch biotechs, I chose a group of
somewhat respectable mainly first tier
biotechs and biopharma companies. This is
a watch list of companies that I thought I
would try and check the newsflow once a month.
I threw in Arena as a speculative pick, but
only because it seems like SNAP, and that
got bought out, plus arna has cash, decent
book value and all that...
But the new portfolio is treading water, wheras
the picks left over from the contest last
year are already up 12%!
this year--up less than one percent:
siliconinvestor.com
last year's contest picks (finished up 153%), and
already up 12% (possibly because of RIGL, which
seems to be rising further in the new year.)
I see RIGL is mentioned on the 2004 contest thread!
siliconinvestor.com
It might be interesting to see how the sponsorship
of Rigel evolves this year, I see this posted on
the Rigel thread:
RIGL target raised to $32 at CSFB 2004/01/07 08:18:05
If you take out the effect of the reverse split
the $20 or $30 for Rigel still makes this one of
those dead $3 to $5 stocks. Very good reverse split,
dilution, and new visibility. I'd have done well to
have kept the shares I was offered, but don't actually
own any stocks these days. I've been thinking that
when both the girls are in gradeschool, say in five
years, that I would get back into this, using my
wife's ROTH IRA account to trade (I closed all my other
accounts).
Unfortunately, the timing might not be so good.
In five years, the start of the boomer retirement is
supposed to start putting pressure on stocks.
Timing is everything, ha! |
