SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : One trade a week -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (74)7/27/1999 8:00:00 PM
From: Mike McFarland  Read Replies (1) | Respond to of 89
 
I didn't think anybody was lurking...
and my performance is not very interesting.

You can have the thread if you like...I just
thought I would stop posting my trades and
thoughts here--I've have not been doing very well
lately anyway...

The important thing however is that this whole
thing is with "house money"...and I suppose I'll
keep playing til my stop is hit, at that point I'll
probably sell half of my stuff--but at the least it
will be no trading for me for awhile...I should think
a year off would be about right. I intend to walk away
with some of that house money, so I may have to part
with some shares and go 50% cash.

I took a 6k hit in Magainin just yesterday, that
sucked...but my basis was under $2, so it was
mainly just taking back a paper gain I'd not
locked in. I had sold most of my postition when
it moved from below 2 to above 3, so I'm actually
up in that stock...not many folks can say the same.
The whole thing with MAGN's Pex was a real shame...
I still do not understand what the FDA was thinking.

Gosh Les, you got me chatting, I do way too much of
that and not enough reading. Right now I'm trying to
get through the latest scientific paper regarding
Ariad's regulated gene therapy. Very exciting stuff,
but it's not doing anything for the stock.

Bought more ARIA--that was my main trade this past
week...swapped my remaining ctii for more aria...not
sure it was a good trade, ARIA ticks down a little
every day and a bottom at 1 1/4 is now looking like
1 1/8th.

Oh, I locked a 50% gain in VLTS...I guess that was
a good trade...took several months, but nice.

Now this time I really am going to shut up! I don't
know that there is an awful lot of interest in
microcap biotech--nobody ever seems to post back
at me to tell me what they are watching. It was
an okay idea...but it just did not work out.

THE END?



To: Les H who wrote (74)10/11/1999 8:49:00 AM
From: Les H  Respond to of 89
 
Today's Action List from general market

ABT Abbot Labs 40 13/16 Medical - Drugs
CHIR Chiron 30 1/2 Medical - Biotech
CIEN Ciena 36 25/32 Telecom - Equipment
CNCX Concentric Networks 19 Internet - ISP
EFX Equifax 27* Finance - Svcs
PTIX Performance Techs 22 5/8 Computer - LAN
SYY Sysco 34 7/6 Rtl/Whlse - Food

quote.yahoo.com

Also recent buy signals from the core list:

quote.yahoo.com

Pick for the week: ONE Banc One 35 13/16

Wilder RSI, Stochastics, Money Flow Index buy signals triggered

Weekly Wilder RSI buy signal triggered

NOTE: Will update performance of action list on weekly basis.