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Pastimes : Generation Xers--saving and investing strategy

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To: Mike McFarland who wrote (79)	8/2/1998 2:21:00 PM
From: Mike McFarland	Read Replies (1) of 100

Monthly update and summary. Bought some Ariad warrants (aria, ariaw). This is the sort of stock which can shoot up fast on news...as long as some exciting news comes out between now and next may...the warrants, I think, are a very cheap out of the money option. I'd bet aria makes a run to $6 sometime in the next six months, biotech is bound to have it's day. When aria makes it's run, the warrants will go to a buck. buy at 5/16ths, sell at a buck. Now ArQule...I don't know what to think about it. I think I might do well to stay out of it until the chart bottoms out--I thought it had when I got back in the other day...but I was apparently wrong. Accumulating TGEN. Watching PCTH. Have a couple other local stocks which might look interesting, SLMD and the very thinly traded LNDL...these two just happen to be things that I've always followed but never owned, it may or may not be time to start accumulating shares. Finally, when my SWEBF and NTII pay off, I'll be loading up on three other biotechs. But for now, I am not willing to exceed 35% of assets in stocks, so have to wait for payoffs.

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