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Biotech / Medical : The thread of life -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (1014)	6/11/2006 6:34:05 PM
From: Mike McFarland	Respond to of 1336

When I swapped my glgc for dpii, initially Gene Logic shares initially went up. Quite a lot for awhile in fact. Naturally I felt like a bonehead. And my DPII, within a couple of months fell 20%. You can imagine, with glgc now quite a bit below where I'd sold it, I have to convince myself not to buy it back. Personally, I would like to see glgc stay down here since I don't have a position right now-- And I think it would not hurt to swap out the management, and so you get those writeoffs and such before a merger.

To: Steve Lokness who wrote (1014)	6/16/2006 11:54:48 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 1336

You know, I didn't give you a coherent answer at all. Sorry about that. If I had to sell GLGC stock, I could spin a pretty good genomics "personalized medicine" and "drug repositioning" story--and it would sound okay to the man on the street. Especially alongside valuation, trading under book value and all that. But it would be a little fluffy. I think I would have to redirect anybody to recent conference calls and such--which I have not been listening in on. The stock is cheap for sure. But I would say that there might be a lot of shares in weak hands, and before I traded back in, maybe it would be good to see some sort of capitulation from the daytrader yahooligan types. I am extraordinarily bad at reading the tea leaves. It does look like it has bottomed--but maybe the volume is too light to really have bottomed? I guess the best thing to do is buy over a longer period of time, buy a third of a positon etc etc. (Like I ever do that, ha!)