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

To: Mike McFarland who wrote (23)	8/31/2006 5:15:35 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 93

Message 22638552 This selection was not any sort of polished process. You picked eight stocks (randomly??), and I just picked five of those. There was little rationale for my picks. They just seemed the most T/FIF-like at the time, among your eight. I spent all of about 15 seconds picking them. :-) Time frame for evaluation was to be two and five years..... siliconinvestor.com Glad you've taken the concept further, and that you've got the numbers so that we can break out those five later. Best! Rick edit: and I don't even know what AMRI is, so it really boiled down to quickly picking among seven issues. No slight to AMRI intended!

To: Mike McFarland who wrote (23)	8/31/2006 5:21:32 PM
From: scaram(o)uche	Respond to of 93

>> Thoughts? Probably some reasonable downside protection (highly diverse pipe), but there have to be more leveraged choices?

To: Mike McFarland who wrote (23)	9/1/2006 2:11:23 AM
From: tuck	Read Replies (1) \| Respond to of 93

Funny, I quietly took a little position in KERX at about a buck higher via sold puts. Odds look really good I'll be keeping the premium. I've been on a minor buying (put selling) frenzy of late, but have hedged a lot of core stuff. Another oil rig-threatening hurricane should put the market in at least a two day correction, methinks. At which point I'll be deploying a large chunk of buying power. I think we get strong seasonality for the next couple of years, during a mild secular bear, such that the seasonal rallies are short lived. Heck, this year we didn't even get an anticipatory run-up to ASCO. You could have sold everything in March and gone fishing till August. I think this pattern will hold for a while before we get another 2003. Anyway, I've been in sold MEDX puts for a few months now, patiently rolling 'em out each expiration week. Finally, it looks as though they will expire worthless this month. In general, the miniportfolio has a lot of stuff I "have", but I sold puts in all cases, and only with MEDX do I have a lower cost basis than the miniportfolio. Good timing on the seasonality, there, Dude! You'll tell us when you sell? Cheers, Tuck