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Biotech / Medical : Biotech Stock Picking for Charity - 2006 -- Ignore unavailable to you. Want to Upgrade?

To: manny_velasco who wrote (152)	1/4/2006 1:00:18 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 592

I feel that your portfolio is fully within the spirit of the contest. I do feel, however, that you'd ruin the contest in a year where there was an "external event" that crashed all markets and all sectors other than perhaps the defense sector. I don't feel that "bad year for biotech" is reason to exclude your portfolio. Because of that ambivalence, I didn't comment when you first proposed the portfolio. But now that the subject HAS been raised, I agree that we should go with the "long" spirit that Michael has apparently endorsed in the past. It keeps it pure, in the sense of biotech investing circa 1990........ enriching a portfolio with the future of medicine. Would be cool if you did replace it with a long portfolio, my two cents. Rick

To: manny_velasco who wrote (152)	1/4/2006 1:04:30 PM
From: Mike McFarland	Respond to of 592

Now that's a little silly--you shouldn't have your feelings hurt. There is a consensus of opinion that a purely short portfolio has an unfair advantage in a down market. Thanks for withdrawing that entry and I too hope you enter a mostly long portfolio. You'll probably have karma on your side and win the thing now! Going short everything is so different from everybody else is not actually an interesting experiment. If there were dozens of such entries, perhaps. But that is entirely different contest-- I think in general, shorting is far too difficult for most of us here on Silicon Investor. Choosing a long portfolio is hard enough. fwiw... Last year, my entry gained 4.3%--exactly the return I got by doing nothing with the rest of my money, sheesh! I can't imagine trying to short something, for that matter, I don't even do options anymore. But that's me. Do you short stocks for real Manny? Brave.

To: manny_velasco who wrote (152)	1/4/2006 1:34:55 PM
From: former_pgs	Respond to of 592

Re: shorting, I defer to those who set the contest up. But if anyone asks, I think it should be allowed. I agree that a catastrophic event to the market would almost guarantee manny a win. But since the proceeds go to charity, it doesn't really bother me personally who wins and how they won. The spirit of the contest appears to be in the donations and not the victory. Besides, the most play money manny can make is $100,000. That will make it impossible for him to win when my portfolio racks up $110,000 in profits this year :-) At the least, I hope manny follows that portfolio and reports back occasionally and at year end.