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

To: Vector1 who wrote (8518)	1/6/2001 8:04:14 PM
From: Vector1	Read Replies (1) \| Respond to of 9719

VDers, About 4 months ago I remember having a conversation with some fellow threaders where I complained that there were no bargains. Well no one likes a bear market but that is what it takes to get great values. Warren Buffet has said that the stock market is the only place that people abhor sales. When you have money to spend and a long term view a sales is great and we are having one now. I am NOT saying the sector has hit bottom. I do not know and my hunch is that it will go lower. But you can never buy the bottom and now is a good time to start adding to postitions of select companies. My favorites now in no order are: CELG INCY LEXG CRXA CBST I am also carefully looking at the MAB companies PDLI,ABGX and MEDX which are dropping like a bowling ball going down a flight of steps. Large drops making a lot of noise along the way. V1

To: Vector1 who wrote (8518)	1/7/2001 4:14:04 PM
From: jayhawk969	Read Replies (1) \| Respond to of 9719

I like your picks, I own most of them, these boards can become a little incestuous. As I "catch a falling knife" I am using two approaches. One is to stick a little closer to the companies that are at or near drug commercialization now. I.E., CELG, `SEPR, and CRXA, for outright purchase. Two, invest a little more defensively, in other stocks that I want to own or add to my stake. I am selling certain puts that have high premiums. An example is NPSP that has corrected more than 40%. Check the premiums. I also sold April LEXG puts on Friday at a strike of 10. If they are put to me I will own the stock at 7.75. If not I have added cash to my account. To date you have resisted using any form of options in the Portfolio, so this may not be the comment that you were looking for. J.D.