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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (3503)	5/25/2007 1:43:02 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 20435

With half my cash short GOOG, and with the other half of my cash go long CRIS. ----------------- Disclosure--I have a very small position in Curis. I'll have a bigger position if it goes quite a bit lower over the next six or nine months, and it might do that: Curis has something on the order of $30M with 60M total shares--it is not unheard of for tiny biotechs in a bad market to eventually trade for cash, and that obviously would be well under a buck a share. Use mad money if you must own CRIS. Anyway, with that out of the way, I wouldn't be surprised to see it bought out soon, in which case maybe the upside from here is 50%...an ideal gamble for this contest. GOOG is expensive (to say the least). An echo of the internet and biotech bubble of 1999. Even if there were 150 million people clicking on google ads, that is $1000 a head. Absurd. It may not collapse today or even next month--but eventually it will give up at least 50% of the marketcap, maybe more? Easy to say. In the real world I am 99% cash.