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Biotech / Medical : Biotech vs. Shorts -- Ignore unavailable to you. Want to Upgrade?

To: Biomaven who wrote (26)	7/26/1999 7:19:00 PM
From: LLCF	Respond to of 427

Jeez, Peter, where do you dig this stuff up! Bar Rosenberg shorting biotechs???? Against what? There's no "future" right? Are you telling me they're buying bio's with higher "alphas" and shorting these? Now I've seen everything... HEY, wonder if they have he pipline to the truth on XOMA's upcoming FDA lotto???? DAK

To: Biomaven who wrote (26)	7/26/1999 7:28:00 PM
From: scaram(o)uche	Read Replies (2) \| Respond to of 427

>> Can't say I see any rhyme or reason as to how they chose whether to be long or short any particular stock. << I can see the rationale, and it's hilarious. Look at their list of "longs". Notice the dogs? I'll bet that they bought them when they looked like they would have life. After they rode them down, they decided, in great wisdom, that most or all biotechs must go down. They therefore shorted companies like..... SUGN (ha!), CNTO (ha!), ALKS, GILD, PCYC, VIRS, IMCL, etc. This is the most hilarious list that I've ever seen. The degree of hilarity, of course, depends on the date that each position was taken. These guys/gals are insane. Not a clue. Lots of good, justifiable picks on the short list, but plenty of potential 10 baggers that just don't belong. Let's hope that there are many funds out there like this one.

To: Biomaven who wrote (26)	7/26/1999 8:27:00 PM
From: scaram(o)uche	Respond to of 427

here's the Edgar link to Barr Rosenberg, for anyone interested. TD, I think the answers to your question for this particular fund are to be found at this link..... naked shorts, to my eye after a quick scan (not sufficient to draw that conclusion). sec.gov It will be fun to go to the older filings and to compare current positions with those reported earlier.

To: Biomaven who wrote (26)	7/26/1999 10:51:00 PM
From: scaram(o)uche	Read Replies (2) \| Respond to of 427

I went through the positions of 3/31/99 and compared them to those of 9/30/98. I was going to list the differences, figuring that there would only be a few. Wrong! These guys sit around micromanipulating short positions in companies that they know little or nothing about. A majority of the positions had changed. It's hard to tell how bad their timing is, but it's certainly bad. Why don't these guys just look at the performance of the SI biotech portfolios and get a clue? Short 39.5K shares of MLNM on 9/30 (worth $686K or $17.40/share), covered as of 3/31.