Baird:
There are so many. It's hard to pick. I used to talk about the divergence between the market cap of a pharma and that of a good biotech. Now one only needs to look at the delta between any given first-tier and a good third-tier. It's insane.
We have a couple of portfolios devoted to second- and third-tier. One, "bounce", is populated largely by lively business plans and by a product here and there.......
exchange2000.com
Another, "margin pain", is devoted to companies with a low market cap to book ratio.......
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Pain, largely composed of my favorites, has been a pain...... it has not performed well at all. Bounce, however, is up 50% in less than four months. In an attempt to show me that my frantic trading style is no better than going on vacation, Peter Suzman is tracking a modified "bounce" and proving his point........
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He has cheated, however, and made a buck off of an index (IXBTX). Apart from this massive fraud, the fact that the index is up 35% points at an interesting situation...... while I've been working my butt off and trading like a nut, a "buy Amgen" or "buy Biogen" portfolio has done great.
;-(
We track the portfolios in this thread, and there have been great, timely suggestions from a variety of contributors.......
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Rick |
