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Pastimes : Pastrami on Rye
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To: Mike McFarland who wrote (274)5/9/2008 12:47:20 PM
From: Mike McFarland  Read Replies (1) of 379
 
If I figure that the (GLGC) shares I bought last summer at
$1.45 will forever be worthless and I just write them off to
zero (think of them as an expired option) then I can say that
my cost in ORXE is actually 45 cents--which is still in the
hole but more likely to get paid off.

But I'm not sure about that sort of mental accounting, seems
like cheating. I probably should have taken my own advice and
not averaged down at all. Time will tell--and not much time
remains: Both TGEN and ORXE have only a year of cash.

I'm obviously on the save_$1000_a_month plan for the next
decade either way, I'm not planning on either of my rat
dog microcap biotechs to pull through for me, certainly
not for the kid's accounts. Thank goodness my micros
only amount to 3% each of my worth--but if they are not
bought out sometime this year, I'll look pretty dumb
(even sillier than I already look!) Ha!

For the picks of the quarter contest (had I entered)
I'd have put down 100% cash, that is just how glum I
feel about my microcaps.

Next stop for Ms. H. Stewart Parker, of course, is
Monte Carlo, good grief!
ir.targen.com
Another R&R round of dilution if they don't sell out
to Amgen or Genzyme or whoever will have them.

My cost in TGEN is also around 80 cents. Of course
that doesn't include the $30k or so I've lost when
I've occasionally owned the shares over the past five
or ten years.
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