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Biotech / Medical : taxloss selling -- Ignore unavailable to you. Want to Upgrade?


To: Biomaven who wrote (12)10/16/2000 7:13:21 PM
From: tom pope  Respond to of 16
 
>>They don't want to be in the sad position of making holders pay tax when the overall portfolio might be down.
<<


They've done it to me, and didn't seem to be particularly sad. Which is why I don't favor actively managed funds any more.



To: Biomaven who wrote (12)10/18/2000 11:24:14 AM
From: Extra Pale  Respond to of 16
 
Peter,
Thanks for the reminder about 10/31 fund year end. Bought INCY & INCY 3/01 calls -- per yahoo, INCY has cash of $625 million out of a market cap of $1800m; 63% institutional ownership; currently selling at ~20% of annual high. More importantly, has strong revenue growth and a very valuable IP portfolio plus a coherent business plan. Seems to be a lot of upside in this stock, especially at under $30/share.