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

To: johnsto1 who wrote (448)	3/8/2000 8:54:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 743

No, that's scores of trades, some bad most good-- and recognizing that biotech was due to be the next hot sector after a long cold spell. Plus there is tons of good free information here on SI (you just have to go to the trouble of reading each entire archived thread to start the DD. And to be honest, DD doesn't really buy you much extra when the whole sector is romping, darts would have got me here too almost). But it still boils down to waiting through most of last year--and almost getting shook out. And then being here in small and microcap biotech-- at the right place at the right time. I've no idea whether the sector will continue to perform--but I wont BS you--Today when I saw the reversal, I took all the money I'd been parking in value, WM, JCP, BNI and bought back Targeted Genetics, Genset, etc etc. And I snagged another 10k of cnsi, as I mentioned over there, and (I wasn't going to admit this) I took my KDUS up from 10k back to 20k shares. Oh and gliatech, I have an unholy amount of GLIA now. If I crash and burn, so what? I can go back to my lousy rotating shifts--and we do a pretty good job down there, Gale warnings and all that. But if this works out, QuattroPro says I can change my life not too long from now, although penalities on early withdrawl will suck (an IRA). I know a lot of folks don't talk about their success on line, probably feel it will bring bad luck or something. But I figure there are hundreds, maybe thousands of Microsoft Millionaires out there living within twenty miles of me: Boring. I think my story is pretty cool, and I'm about the only one willing to share it. Uh, the story, not the money, heheh. And lets be honest, low seven figures is not really a lot of money compared to what is being generated by the folks who do not post their trades. Finally, I should be clear, that I am only looking for a modest return from here before I call it quits. And it does not matter whether it takes me three weeks or three years to get to my target. I suspect it will be somewhere inbetween--and I'll only get there if I have chosen wisely and the companies I own deliver the goods. The goods these days means delivering the right PR, or the right financing, or the right deals at the right time. Take a look at GZMO, up 40% after hours. And it was not hours ago deciding whether I should buy more Genset or more Gizzmo...oh, so close! Disclaimer, I own both, but sure wish I'd bought more Gizzmo today.