Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pseudo Biologist who wrote (7314)	12/16/1999 2:39:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 9719

(DCB Isis--) Not much of a bounce...I had a chance to exit above $6 and by the time I entered the order the bid size was over 10,000 shares, I gasped, not being a very experienced trader that implied to me that somebody was dumping, and I let mine go for a little throwin around money. I'd intended to hang on, but I have not seen any positive hopes for Isis on SI this past day, and I rattle easily. This I think is a good lesson for newbies who might be lurking: You can really get in a bad habit of churning your account if you want to own everything, but cant afford 1000 shares of every damn biotech under the sun. Just to see if I can solicit some good advice, why don't I reveal my current holdings...do remember that these are 'microcap madness' and I'm not suggesting that they belong in the model portfolio. Ariad, Axys, Cadus, Cambridge Neuro, Cortex, Genset, Gizzmo, Magainin, Synaptic, Targeted Genetics, Valentis. Now my question is this--what causes a person to accumulate this sort of stuff, rather than just buy the model portfolio? Is it a delusion that a person can beat the biogurus (seems unlikely) is it an inherent contrarianism that will eventually sink me? I think these sort of mostly third tier picks have lagged terribly. That is not to say there are not good trades in there, I bought Cadus around 20 cents and sold half at 40 cents, but you know what I mean, it's dirty down here. For comparison...let us look at what I started the year with: ARIA BTRN CNSI CTIC CTII NTII SIBI TGEN See a pattern? Not a lot of upgrading going on. This is okay for now, I'm not losing any money because you can trade off the volatility, but worries me that I persist in mucking around down here.