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

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To: Cytokine1 who wrote (5221)	6/27/1998 5:09:00 AM
From: Rocketman	Read Replies (1) of 9719

Numbers look right to me. What you might want to do, which really reflects the situation more accurately, but requires some creative formulations is to change the short credit line from a static number based on the purchase price, to short coverage reserve. This should be a positive value that is equal to the negative value of the days close on the short, not the purchase price. The difference for the day would then be added or subtracted from the margin on a daily basis, depending on whether you made money on the short or lost money on it that day. The buying power then equals the equity minus the short reserve plus the negative margin value. Have fun writing formulas. Keep up the great job! PS: the INHL was a nice buy! I love playing the dead cat bounce! Definitely looking forward to next week on ENMD too. I really expect it to start to drop pretty consistently for a bit as interest wanes. Dave

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