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

To: Elroy who wrote (3511)	5/26/2007 1:07:40 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 20435

Another way to look at GOOG's crazy marketcap: GOOG is twice as big as Amazon and Ebay combined! And those in turn are both wildly overvalued. IMHO. I think we all know that there are so many megabillion mutual funds, and they need a big liquid growth stock like Google. It really doesn't matter if the emperor is half clothed or stark naked or maybe wearing some nice clean sweat pants even. But GOOG is not the Emperor of the internet that the marketcap suggests. There is a good chance that at the end of the contest I will find GOOG up 25% and my pathetic little microcap biotech down 25%. It will be a spectacular fall to the bottom of the pack. Proving only...don't try this at home. But seems a resonable way to play the contest, if only to state a point that I thought would be fun to share. Now, the case for being long Curis...well, that is hard, it is out of favor and sinking. You never know how low they will go. The day may come when it sinks below a buck a share--then maybe a reverse split. There will be these waves of panic as yahoo daytraders gradually give up. That is when to buy some. And I will be averaging down (and again sweating it, my latest pet stock, ha!) There is huge leverage when you put a bunch of PhD chemists and biologists together. Of course Curis has also burned through a huge amount of money--if I had owned it since 2000 I would be furious! But I still think it has prospects going forward from here. Of course, now that it is so poorly valued, it could be the victim of some private takeout. Then watch...a few years from now they'll have a drug, and a new IPO. Rinse, repeat. Public shareholders often get screwed. It takes some luck to make money dabbling with these microcap biotechs.