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Biotech / Medical : Biosource International

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To: Juster who wrote (282)	10/21/1997 11:47:00 PM
From: Douglas V. Fant	Read Replies (1) of 696

Juster, I have 12 stocks or less at all times- usually around 6 to 8 stocks. Keep 10% in cash for short-term buy opportunities, and also be able to buy on margin in your account when real "once-a-year" bargains appear (like abunch did this week on Monday). I hold my core positions long-term, but will trade 1/3 or so of all positions short-term, and in and out of the market. If you want to do a little short-term trading, then I suggest subscribing to a technical market service. I subscribe to "Market Edge". It costs $19.95/month and gives short-term trading signals. Any reputable technical service will do. Now on a stock like BIOI, since it is a small cap, I really won't try to day-trade it if at all. What I will do is will hold a core position and add a few shares now and then on pullbacks, so long as the fundamental picture of the stock is the same.... Finally and importantly keep a stop under all stocks that are not currently subject to options- usually abouit 10-15% under the current stock price. That way you may lose a "skirmish" but not the Battle of Gettysburg.... Sincerely, Doug F.

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