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Biotech / Medical : The biotechnology mini portfolio

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To: Mike McFarland who wrote (78)2/14/2007 1:07:42 PM
From: Mike McFarland  Read Replies (1) of 93
 
I sold 2175 shares of EXEL at $10.81

<Exelixis said it expects fiscal 2007 revenue in the range of
$120.0 million to $135.0 million and operating expenses of
$260.0 million to $290.0 million, including stock-based
compensation and other non-cash charges of about $20.0
million.>

I'd like to re-enter the shares a few bucks lower than
where the stock is trading right now. Greedy or squeamish,
call it what you will.

We have $23,500 cash earmarked for EXEL at a lower price,
we had a $4300 gain on that position.

I'm not asking for a motion to second that trade, but
if there are strong objections I will ask before making
future trades.

I am looking to sell MYGN at $35, sort of a stop loss
as the chart tops out. Anybody want to second that before
I sell it anyway? Our $10k speculation on MYGN shares
has gained $5k, not a bad trade and maybe worth locking it
in for awhile.
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