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

To: Biomaven who wrote (3582)	4/25/2001 6:36:46 PM
From: Torben Noerup Nielsen	Respond to of 52153

Peter, The intent was to put a little humor into this. It's all too easy to loose perspective after a 40% (rough numbers!) downdraft in an issue. I used to keep careful score every day. I would enter my buys and sells in a spreadsheet and it would immediately show me all the details of how my portfolio was doing. I became fixated on it and it became an important part of my day. I was sucked in emotionally to a ridiculous degree. When the numbers were good, I would go out to dinner and when they were bad, I would stay at home in my grass shack (this is Hawaii after all....). Now I no longer track buys and sells. If I think selling is indicated, I put in a limit order that is sufficiently loose to get me executions. If I want to buy something, I usually do it using market orders. I wait till the broker sends me the information just before tax time. Yes, I follow the daily movements. It just doesn't seem to matter a whole lot. My only concession to a really bad day in the market is to make dinner reservations at a nice place. I am quite confident that the bulk of these companies will make it through the next 10 years in some form or another. And by that time, the returns should be quite decent. Regards, Torben