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

To: Arthur Radley who wrote (155)	1/4/2006 1:22:55 PM
From: keokalani'nui	Read Replies (1) \| Respond to of 592

1) Has been done in the past without any outcry of protest. Not that it would change my mind, but would you please show me where? I searched "short" in the contest threads every year and never found where it was allowed much less undertaken.

To: Arthur Radley who wrote (155)	1/4/2006 1:33:29 PM
From: Biomaven	Read Replies (1) \| Respond to of 592

As to the claim that in a bad biotech market this would enhance this individual's portfolio for winning the contest, wouldn't it also be adverse if the biotech markets soars? Of course. But assume we have 50 entrants all long a random set of a dozen biotechs and one entrant all short a random set of a dozen biotechs. Assume that it is 50% vs 20% vs 30% that we get an up year vs a flat year vs a down year. Then the short would basically have a 30% chance of winning the contest, whereas everyone else would have a chance of around 1.4% (about 1/49th of .7). Fair contest? Peter