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Biotech / Medical : momo-T/FIF -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (439)	5/31/2004 3:24:21 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 12215

Heh, that's nice! But seriously, putting a portfolio together is terrific fun, but mindboggling if you let it be. I'd like to have a dash of influence. It would be wonderful if the VD portfolio guys and Peter had a few stocks to submit for further scrutiny. And against the backdrop of Sepracor and Elan, clearly there are other strategies that are wildly profitable in retrospect. I can ask easy questions (you tell me if they're good or not, heh). For instance, these companies are, first approximation, similar. But how do you choose between? The marketcaps are similar, the quality of the science is probably about the same. But one is cheaper than the other and further along. Recently, Ariad also has been outperforming, perhaps getting ahead of itself. ARIA vs CEGE: finance.yahoo.com Ariad has something on the order of 100M in assets, but Cell Genesys, with a marketcap 100M less, actually has more than twice as much cash n' stuff (which includes quite a lot of abgx too). Pipelines: ariad.com cellgenesys.com cellgenesys.com Next paragraph, diversification can wreck your performance. I don't think you want to split a position between the two, but rather, simply pick the better stock. And finally, of course, is it okay to take much greater risk to stalk the elusive ten bagger? This portfolio is suppose to have ten stocks, you only need one, as we know. I think if you are willing to watch a position melt to zero, you load the basket with exceedingly risky stuff that does not suck.