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

To: scaram(o)uche who wrote (10798)	3/4/2004 11:53:35 AM
From: scaram(o)uche	Respond to of 52153

Garren is obviously fostering position traders in the sector. Take what you're given?

To: scaram(o)uche who wrote (10798)	3/4/2004 12:03:30 PM
From: zeta1961	Read Replies (2) \| Respond to of 52153

Thanks all for taking the time to share your views...many ideas to munch on...excuse pun,Rick...:) Didn't know the classic bioinvestor is buying for munch possibilities... I look forward to the ideas on the thread Bill started... I have only a very cursory knowledge of options...need to read some more...because of my inexperience, I have not entered that arena...it seems a kind of strategy that a newbie like me should stay away from without an expert consulting... Thanks again, Zeta

To: scaram(o)uche who wrote (10798)	3/4/2004 12:45:51 PM
From: Ward Knutson	Read Replies (3) \| Respond to of 52153

<<I put away more profit, in absolute terms, than many who held until now ($46).>> Given that each of us have a finite supply of investable dollars "absolute terms" is almost irrelevant. Percentage of increase/decrease is a more accurate measure of any one trade or overall performance for any given period. Or in position trading following the sequence of trades and their result in comparison to the buy at $4 and still holding at $46 scenario.

To: scaram(o)uche who wrote (10798)	3/7/2004 4:19:32 PM
From: Jesse Schulman	Read Replies (1) \| Respond to of 52153

Re: the discussion a few posts ago about selling. Agreed that we are better buyers than sellers, but let's not adopt strictures that don't apply. Most of us are not here because we are managing third-party money, but because we are running personal accounts. So applying classic rules of portfolio management may not be necessary, and may not even be appropriate. The Rules say diversify, and if a position grows to too large a proportion of the portfolio, sell. My concern is that The Rules may in this case may be a disguised way of saying, sell your winners and keep your losers. Investors whose wealth is mainly in their house, their pension and other assets need to take a broader view, IMO. If you've put a lot of money on one biotech and it's running, don't you want to look at it as a proportion of your total portfolio - house, cars, stamp collection - rather than of just the stock piece of your assets? I say this with particular respect to those of you who bet on Sepracor, Elan and various other plays that took more than the average in the way of cojones. There aren't many ways I can contribute publicly to the thread, so it's good to pitch in where possible. I second whoever it was who thanked Peter and the regulars for one of the finest forums in the industry. Best, Itsthesciencestupid