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Biotech / Medical : Biotech Stock Picking - 2003 -- Ignore unavailable to you. Want to Upgrade?

To: John Metcalf who wrote (213)	5/10/2003 6:43:25 AM
From: The Dodgy Ticker	Respond to of 383

John, does that other 100% consist of "dark matter" in Erik's portfolio? <bg> Bob

To: John Metcalf who wrote (213)	5/10/2003 7:44:42 AM
From: Mike McFarland	Respond to of 383

Of course the gaming part of it is pretty fun (we wouldn't have many takers for a five year contest). In 2000 the average gain was something like 50%, and that was my gain. Yet many of my biotech stocks turned out to be disasters over the last three years. Of my ten picks in Jan 2000, four were bought out (axph, genxy, snap...or reabsorbed like gzmo) three went to penny heaven (magn, cnsi, tgen). The other three are still kicking--but I don't own any of them (aria, kdus, corx). Fwiw...if I was going to design a multiyear contest I would let you hold cash and limit trades to just a few a year. Or perhaps only allow a third of the portfolio to turn over each year. Something like that. And you probably would want to limit low priced stocks to not much of the portfolio, just as you would in the real world. Like I said, gaming with zingers is more fun. And it's not a bad way to get your grubstake together if you have some luck.