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Biotech / Medical : GLGC Gene Logic -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (274)	2/23/2007 2:39:41 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 360

Wow, that would be great if you got a fill-- having missed a great price on glgc--I had to buy something for my three year old--so I filled her Coverdell back up with Anadys today. No, still have not listened to the call. Missing out on, well realistically $1.75 had I been in front of the PC earlier stings a little. So maybe I will just take a deep breath and listen very closely over the weekend.

To: Steve Lokness who wrote (274)	2/23/2007 8:48:07 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 360

Okay, I listened to the call. First off you asked What is your read on the attempted sale of genomics division? I couldn't care less about that. If it brings in a few million, super. If there was anything important said about genomics, it went in one ear and out the other. Anything ending in -omics gets tuned out by me lately, well almost. Did you notice the expected IPO price for Rosetta Genomics (small Israeli microRNA company)--that was dropped way way down. I'll probably be able to get some shares easy. Most important thing: They "do not expect any clinical re-entry decisions" until '08--so we would not see any milestone payments til then either. I'm not going lie and say 'oh that is just terrible' because that's going to look pretty lame having unloaded my position yesterday. But the truth is I don't care much if it is up or down a dime--the reason I traded out yesterday was sort of a gut decision, means nothing. What matters is you see one year of burn before any milestone revenue. Now we watch their burn this year. Then there was stuff about an $11m impairment and adjustments and about the 1.5m in escrow, and to be honest, I don't know what all that is about. Maybe adjusting book value down? But it shouldn't have much to do with the cash on hand--except maybe the 1.5M in escrow has to pay for misc stuff. I glazed over at that point. The fact remains that there was $50m in the bank end of last quarter. You just don't see too many things trade near cash, current marketcap $57, cheap. Cheap at $1.90 where I sold, slightly cheaper today. So what. There were no questions for Q&A, which probably means either 1. No fund managers care about this, or possibly 2. No fund managers want to tip the rest of us off to what they are thinking (buy, sell, good bad or ugly). So, not a lot to chew on in a very short call. I think because they are telling us no decisions for any of those ten molecules til next year--a person might be able to save a few pennies here and there if they feel compelled to put together a position by just picking at bits here and there over the next year. I know that if I hear the Dow is down 200 I'll be logging on and see what I can get on days like that. Personally, I feel it very freeing to be out of the position for the moment. I think it is like having a girlfriend you think you can not be without, but when you go off to poker night you don't really miss her. Something like that. Still, the stock is so awfully cheap you have to be honest about this--they could be bought out Monday. The question is what would Mr. Miller expect to get for his shares? I am guessing he will continue to average down his price as best he can over the next year and then finally turn a profit if we see any milestones next year. Well, that is my two cents, for what they are worth! An awfully long winded post with nothing interesting to say. I always stay in character. <g> I think I might go for a question on the next quarterly CC. That might be a lot of fun, especially if folks from SI tuned in and heard my voice. And if I can think of anything intelligent to ask.