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Biotech / Medical : Biotech for less than a buck. -- Ignore unavailable to you. Want to Upgrade?

To: RWReeves who wrote (294)	12/30/1999 1:20:00 PM
From: RWReeves	Respond to of 743

I hate housework. But it was time to update the portfolio and do accounting and like that. As of 10 am 12/30/99 the portfolio stands at 202K having started with 100K 3 months and 2 days ago. Not bad, don't expect a repeat; very speculative market. Could crash like Windows on a 486. Sold these today (on the new SI you can do this in "real time")so quotes later may not match what they were just now-up or down. Liquidated: CYAN $3250 IMMU $10997 LGNDW $16250 half the PARS position of $22500 for $11,250. Now this is "gedanken trading"-recognize to sell this much may require several trades as not to upset Mr. Market and you may not get the same price for each. Sold most of these on the uptick, so probably not a big concern. As always I leave one share of the old position in place to follow as a "bookmark". This throws off the "average return" number on the bottom as I think SI just adds them up and averages it out. Way to figure the portfolio gain is WIWN (What Its Worth Now)-100K. I've divided up the cash into what might be called "return of capital" and "profit". From there I use the former first to buy stuff and the latter to top it off. Now I admit some of these like IMMU have a run going that just wont stop, starting around 1 and change and now around 13 but these are good gains, and I need the money for other toys. Same with PARS; it may go further yet. Consider what January may bring for IMMU, however, some options doubtless will be exercised and sold pronto. Beats working at MSFT. New positions as previously noted: ATLC COXT MAGN NTII COXT is new addition, makes an enzyme based overtemp sensor for foods and biologics. Not strictly biotech, nor device, sort of diagnostics-like. No hard rules in LTAB. No Canadian gold mines, maybe. Looking at others. All previous yada yada applies, send no money, don't invest without doing adequate DD, I may have positions in these or not. I can say BTFLTAB beat my own returns over those 3 months partly cause I sell too soon and partly because I'm not that crazy to invest my entire IRA in "penny" biotechs and suggest that you don't either. Not responsible for errors ommissions or anything else and this is for entertainment purposes only. So on that note I think in the real world BTFLTAB would probably take the gains and buy a new BMW M5 with BTFLTAB plates rather than re-invest the gains. Taxes? OK, may need to wait on that BMW. We are disciplined investors after all... Have fun, and drive carefully in that new Beemer. RWR