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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Cytokine1 who wrote (3744)	12/16/1997 12:40:00 PM
From: Andreas Helke	Read Replies (2) of 9719

It is my experience that selling the biggest loosers is a pretty shure reciepe for disappointing portfolio performance. Once you are annoyed enough about the performance of your stocks to consider selling them at a considerable loss they are often cheap enough to seriously outperform the market after you sold them. Compaq is up 250% since I sold it at a loss in 1996 and Quantum is up 200% since I sold it at its 1996 bottom and at the 1997 peak it was up 500%. With GENZL I am currently considering averageing down another time. I originally bought GENZL for $12 1/4 and averaged down at $10 and $8 1/8. Now I only wonder if I should wait until a bottom is in place or if I should consider todays prices as cheap enough to buy even if it still can get cheaper. MDYN at $15 1/8 was the latest addition to my biotech portfolio. Andreas

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