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Non-Tech : NIFTY NINE IN NINETY NINE PLUS ONE
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To: Arthur Radley who wrote (54)1/4/1999 8:47:00 PM
From: Mike McFarland   of 613
 
Thank you--I did okay today, but could
have done better. Apparently microcap
biotech still does not get any respect,
so you have to sell at the open, yuck.

Unfortunately I started buying ariad last
year around 2.5, it did poorly and the only
think that kept me afloat was a few good
trades. Still, I lost money and had to
take 2/3rds of my shares off the table.
Anyway, to make a long story short, I came
out today okay, I got a chance to play with
level II, and my portfolio has a couple
grand more in it than it did yesterday.
The real trick will be what to do with the
remaining warrants I have--I was able to
sell off half for what I paid for them a
couple months ago (3/16ths) and I'll retain
the rest in case aria ever gets the respect
it deserves. However in may 3/16ths goes to
zero when they expire if something very
dramatic does not occur by then.

I like the portfolio showing the gain in
ariaw tho...that was a nice coincidence that,
for now, I get credited with a nice percentage
gain in those.

--MM
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