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Biotech / Medical : The biotechnology mini portfolio -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (1)	7/19/2006 11:20:42 PM
From: John Metcalf	Read Replies (1) \| Respond to of 93

Thanks for taking up the work, Mike. In the old days, I always had a biotech basket of at least ten companies. Now, due to retirement and macro reasoning, I have only a fraction of one former position. Having (hopefully) learned something in the mid-nineties doldrum, I still monitor all the same biotech threads, hoping to spot some winners at bargain prices. But I'm in no hurry to buy them. Over the (many) years I've invested in biotech, I made money by: 1) listening to friends smarter than I who do better research. 2) Being lucky. 3) Being out when times are hard. 4) Watching bench-marks. Thanks for the new bench-mark.

To: tom pope who wrote (1)	7/20/2006 1:13:55 AM
From: Mike McFarland	Read Replies (2) \| Respond to of 93

Does your spreadsheet show a date for that maxy? Must have been in '00 I seem to remember owning 1000 shares of Genset around $60 and riding that one down, but it could have been 2000 shares at $30, ha! You sold maxy at above $40, great! For those folks who stumble on the thread and don't know us here, play at home at your own risk. Like many folks, I extracted a lot out of the biotech/internet tulipmaia of 1999-2000, but have settled for mediocre returns to losses in each of these past five years. Nobody said it was going to be easy! I'd like to look at the five stocks closely and read their annual reports and such over the course of my summer vacation in August. Don't expect any thoughts til early fall--but do feel free to post anything here relevant to the MiniB five. I do think it is best first to sell an issue before considering any new companies. We will try not to exceed a small handful of stocks here. Low turnover! Sort of in the style of the Rocketman portfolio from a few years ago. We will not keep cash in MiniB.