Flotsam and jetsam off $3k, so that, in just one week, more than erases my profit from the month before. However, I do feel better about the rate I am getting from ten year treasuries in my retirement account, that more than pays for my biotech transgressions, heheh.
CASH.X 1 0 33,000 0 - 0 0 33,000 33,000 0 0.0% News Chart Discussion LYNX 3.14 -0.02 3,000 3.30 - 3.08 66 10,530 9,420 -1,110 -10.5% News Chart Discussion SQNM 1.68 -0.15 5,500 1.92 - 1.68 212 10,615 9,240 -1,375 -13.0% News Chart Discussion TGEN 1.61 -0.01 6,000 1.67 - 1.54 201 10,080 9,660 -420 -4.2% News Chart Discussion Totals: Microbiotech--Flotsam and jetsam 64,225 61,320 -2,905 -4.5%
The $64K question--am I going to find a ten bagger amongst the microbiotechs in the next year? I have room for three more stocks--and I'd like to think for every two stinkers, I'll at least find one three-bagger. Breaking even would be just fine--but being all in cash was boring me to tears.
Of course GSK is going to buy Sequenom, Amgen will take out Tgen, and Lynx is going to become a private company again, run by Craig Venter. Chuckle, I crack myself up. This is why I hide here on my own thread, I can ridicule myself in peace. |