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

To: Steve Lokness who wrote (289)	3/9/2007 6:24:33 PM
From: Mike McFarland	Respond to of 360

You know, I'm not even in the top ten in our biotech stock picking contest. I managed to botch the MM/DF Mountain Dew challenge <g> and I am down 14% versus DF who is up 30% (how in the world do dartboard/pet portfolios drift apart 44%?! I am a contraindicator!) Anyway, sure, Gene Logic could very well just keep going up on "technicals", it is a very nice swingtraders type of stock--it has a bit of a good story, it has a buyer who is tying up shares, and the chart is good. I very well may have left money on the table when I sold my 80,000 shares. But on the other hand, I made about $30 grand that I didn't have to work for, so no complaints. Now if glgc is a $3 stock next fall--when our CD comes due, I will have to admit I left $80k on the table, and that is a shame, but it is part of the game. There is no reason to beleive I actually have skill at stock picking (if the biotech contest and the DF/MM game is any indication) so I am not going to worry about it. I will very likely be getting an asterix in the latest picks of the quarter contest for beating the S&P, and I will pat myself on the back for that bit of good timing. As far as glgc goes, I cannot say. I like that the repositioning unit came mostly from mlnm talent, but I've no idea if they can salvage a good molecule and make it to the big time. If the chart is good, so be it and that is great.

To: Steve Lokness who wrote (289)	3/15/2007 12:25:50 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 360

So, in the last few days GLGC has already returned five times what my bank CD is going to return in the next year. At first, it looked like a great trade, swapping glgc for cash just before the Dow tanked a couple weeks ago. But now, it is looking like yet another McFarland financial blunder... Lessee, my wife had 60k shares, so those would have been up $25k--but instead just to get a lousy $5k, she has to sit in a CD for a year. That's a pretty big swing. And getting bigger each day glgc trades up. (Meanwhile, the kids have been moved to Anadys, which is doing nothing of course..) It reminds me a little bit of previous blunders, for instance selling my Ariad warrants cheap when they'd have gone on to be hugely profitable had I let them coast. Or an even better analogy, you're holding pretty good cards. The bet is raised. Six months go by, the pot is a little bigger. You are even starting to like your cards. Then, out of nowwhere, you get rattled and fold. No, worse, you give your cards to somebody else, and they bring in a big pot <g>. Anyway, turns out etrade wouldn't let my wife have a six month CD--so she bought a one year. I wont be fooling with biotechs much til Spring 2008. Time to catch up on my reading...