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Biotech / Medical : GLGC Gene Logic

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To: Mike McFarland who wrote (350)	11/9/2007 6:03:43 PM
From: Mike McFarland	Read Replies (1) of 360

The quarterly report is online, looks like they'll be taking a loss of $3.5M on the genomics in the 4th quarter. The 10M sale sounded pretty good, but on paper it just looks like more puke. yahoo.brand.edgar-online.com That leaves glgc with (as of September 30, 2007) ...accumulated deficit of $341.6 million ...$31.6 million in cash The current marketcap is 26.4M and the shareprice today was 82 cents a share. I guess I picked a pretty lousy horse six months ago... finance.yahoo.com Maybe there is something to going with winners and avoiding perpetual losers. And to think that on paper I shorted Google (and quickly covered). Assbackwards. My cost is $1.45, whoops.

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