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Biotech / Medical : T/FIF Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (947)	6/7/1999 11:08:00 AM
From: Mike McFarland	Respond to of 1073

(continued from previous post--still following up on DAK's' post) Just a comment about picking stocks that you think could "run". I think the point is exactly to find a potential ten bagger that will "run" in the short term. A two or three bagger buys you the room you need to feel comfortable so you can then hold it for the long term--the so-called ten-bagger potential. This is the only way to invest, letting profits run. After all, I thought the purpose of this thread is to find ten-baggers, yes? Otherwise we would all be playing the insipid game of trading I-nut volatility, which in time is a zero sum game, with very few ten baggers available cheap, and no way to identify them. But here on TFIF, you can somewhat screen/filter for real science--and then go out and buy some values in this decimated sector. Of course I personally am disadvantaged in that I cannot be certain I am buying "real science" but I think I can make some eduacated guesses based on the history of posts on a given biotech thread, past or present visits from the biotech gurus, and some good posts from time to time on Yahoo as well. No, I think it is okay to find things that will run in the short term--as long as they are long term ten-bagger possibilities. Rick I think calls these sorts of companies highly leveraged, I just call them the best bang for the buck. You should not worry that saying SEPR is going to run makes it seem like a short term play, if it runs back up over $100 that will be very 'constructive'--it will force out the shorts over on thestreet.com, and followers. And will hopefully set the stage for fund managers to buy in again when the stock looks like a legitimate non-momentum play. Of course SEPR has a lot on it's plate, too much for me to digest, so I only paper trade it, much easier for me to absorb everthing that is going on in a fourth tier company, much simpler.