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Non-Tech : NIFTY NINE IN NINETY NINE PLUS ONE -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Radley who wrote (590)	12/31/1999 10:01:00 AM
From: Mike McFarland	Respond to of 613

I'm a little worried that trading may have impaired my performance, and that I should have just let my 1/1/99 choices ride. Here were those picks again, and the quotes off of my 12/31/98 statement: ARIA 1.69....close today near $3? ARIAW 0.06...40-50 cents now. BTRN 2.50....more than tripled CNSI 0.72....still under a buck CTIC 3.00....a bit more than doubled CTII 1.47...not much change, down a bit I think NTII 0.53...3 now SIBI 4.75...went out around 8 right? TGEN 1.31...4 now GZTC was the other pick, which I never actually owned this past year--anybody have the price from the close of trading 1998? Trades now around 12...eyeballing the chart looks like it started the year around $6 At the moment my account is at +180%, but that will move down ten percent or so if my glob of warrants ticks back down to forty cents. I'm going to wince if no trades would have done better--and just eyeballing it, might be. I'll come back and fix this post with the final quotes from 1999 when I've had a few drinks late tonight, penalty for churning might be high, which I've suspected all along, but sobering to do the final numbers. Also...speaking of churning, note how only one of my picks survived into summer...was looking at my positions in August-- 37000 ARIA at a buck a share 70000 ARIAW at 1/16th 2000 GLGC near $4 2000 HYSQ near $4 If for some reason I'd not been able to trade through the fall--that account would be another 50% higher than where I am now. Now what does that say about churning-- it's okay if it happens to put you into the right stocks--but you're likely to get shook out just as fast as you got in, so you can never get whopper returns. On the other hand, I look at my current holdings, and it isn't half as risky as what I'd owned six months ago. Some of the same names, but much more reasonably sized positions--no one pick will take me out of the game, although still top heavy into Ariad etc. Mind games. I'm going to have to do a New Years Resolution about my trading habit--etrade's little junkie. May even have to start a thread "Look Ma, No Trades". This hobby is not productive if it just as likely to take you out of stocks that will run up as put you in. Anybody else thinking of going cold turkey?

To: Arthur Radley who wrote (590)	12/31/1999 3:50:00 PM
From: Brander	Read Replies (1) \| Respond to of 613

Well, looks like this is going to be hard earned Tequila. 7/7 half. :-)

To: Arthur Radley who wrote (590)	1/1/2000 1:12:00 PM
From: Abuckatatime	Read Replies (1) \| Respond to of 613

Dude, Great going! While I had a good first half, the second six months were only so-so...as I was underweighted in biotech. Total return for the year was 55%. Listing, % up or (down), comments. PLMD - 152. Price finally reflected fundamentals. KS - 120. Successfully moving from developmental to operational stage. MVISW - 107. Warrants called. Stock closed year at record high. CFGL(CanOTC) - 106. First of several scheduled plants in final ramp-up. Expect stock to obtain TSE listing. ATAC - 52. Looks like a successful turnaround. OE - 50. Finally on verge of profitability. Upside dependent on adoption of fuel injection technology by major autos. DITI - 31. Acquired by Schering AG. LGND - 11. For longs to gain their just reward, ABC Targretin trials need to validate pre-clinical findings. WNC - (26) Record profits but street waiting apparently waiting for margin improvement. ISIP - (52) Oops! And Crooke was teeming with such confidence.