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Biotech / Medical : The thread of life

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To: Mike McFarland who wrote (730)7/1/2005 11:07:28 PM
From: Mike McFarlandRead Replies (1) of 1336
 
Somewhat disgusted that my microcap biotech
stock trading is not getting anywhere, I snagged
my monthly performance figures. Here they are,
going back to Jan 03. Sigh. On the one hand
it is good I've not pissed the account away,
on the other, this seems not to be serving
much purpose--overall, I've made something
around 1% a month or about $500. Not a great
hobby--and actually, I can see now that I did
nothing in Nov/Dec 03, and would have done well
to do nothing since. Interesting. I may already
be on a course to 'piss it away'.

-18.1% -$6,878 $31,122
-14.3% -$4,450 $26,672
-2.4% -$640 $26,031
39.8% $10,361 $36,392
30.6% $11,136 $47,528
0.0% $0 $47,528
5.3% $2,519 $50,047
0.0% $0 $50,047
5.2% $2,602 $52,649
13.8% $7,266 $59,915
0.0% $0 $59,915
0.0% $0 $59,915
-0.6% -$359 $59,555
0.0% $0 $59,555
-0.3% -$179 $59,377
4.3% $2,553 $61,930
-0.6% -$372 $61,558
-15.0% -$9,234 $52,325
-19.7% -$10,308 $42,017
-7.9% -$3,319 $38,697
18.9% $7,314 $46,011
6.5% $2,991 $49,002
4.5% $2,205 $51,207
15.1% $7,732 $58,939
-17.0% -$10,020 $48,920
3.6% $1,751 $50,671
-0.3% -$152 $50,519
-9.2% -$4,648 $45,871
18.1% $8,303 $54,174
-4.7% -$2,546 $51,628

So, it certainly looks like it is time
for a different strategy--perhaps trade less
often or not at all? Surely more frequent
trading cannot be the answer. I am not too
crazy about selling the two stocks I have,
although they've done very poorly over the
past week. Am somewhat inclined to do nothing
--that is, do no trades for awhile. At least
then I will not have myself to blame <g>.
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