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

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To: seminole who wrote (5568)	9/2/1998 12:57:00 PM
From: Rocketman	Read Replies (2) of 9719

If we were near the 50% buying power mark I might agree with you. But, we are so far under buying power that 2 big positions wouldn't do it. We would have to sell so much that we would gut the portfolio, and I think we will see decent recovery on what we currently hold. Like I said before, the fundamentals of the companies haven't changed, just the market conditions, which are so damn volatile that no one can say which way the trends will go now. If we have hit the bottom of this correction, I don't want to get out now. If we haven't then we will trim as needed to stay within margin parameters and not do any buying. I'm not sure what I would buy right now anyway (except maybe more INCY as it has been way excessively hammered), I feel more comfortable sitting on the sidelines and letting it ride. Rman

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