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Biotech / Medical : IPIC -- Ignore unavailable to you. Want to Upgrade?

To: KurtVedder who wrote (875)	11/12/1997 5:38:00 PM
From: Pancho Villa	Respond to of 1359

>>Pancho, 15 of the last 24 posts are yours. << When I subscribed to SI no one told me there was a limit on the number of messages one could post in any one thread. You are certainly welcomed to give your input to this or any other group at SI. In the case if IPIC, if you start posting, then my postings will become a lower percentage of the total. Divergent opinions are good for the group, not bad! >>Seriously though Pancho, I think you should really take a step back and look at the IPIC potential. This lawsuit thing will not affect them. I know that sounds like an ignorant statement but look back at this in a couple of years. Good Luck. << I respect your opinion, as you said, only time will tell if the law suit will have no effect on them. I strongly believe that fundamentals rather than our postings and/or PR efforts move stocks so you should not be so worried about what is in Pancho's mind! >>I have a significant long position in CNTO>> but I was wrong. Your posts are truly signs of a desperate short (now a desperate long thanks to CNTO). << This is your interpretation of my state of mind, not a fact. Actually let me tell you that having a short term orientation is not the way to invest. My time horizon is longer term. Perhaps you are a short term trader inwhich case I must tell you that most academic studies in the matter indicate the odds are against you. In a short time period a hedge position will behaves randomly. For instance in this case notice that both stocks went down. The ideal situation for me, of course, would have been that both positions moved in my favor. This was not the case. However, if you consider the fact that the last time I bought CNTO I did at 433/4 and the last time I shorted IPIC I did at 121/4 (I am not making this up check my posts) in roughly equal dollar value positions; you don't need to be a rocket scientist to realize that I am actually ahead on the hedge as CNTO, today closed at 41 7/16, is -5.3% down while IPIC, which closed today at 11, is down -10.2% which means I am about 5% ahead. Tomorrow, of course, this may be reversed and I will be on the down side. (I went through all this trouble to give you an example of how a hedge position actually helps reduce volatility.) Of course, long term, I do hope the hedge works in my favor (Otherwise why would I do it?) and I will get the "double bonus" at reduced risk! Whether I will be proven right or wrong is something that we will not know in the near future and is independent of whatever we post here. Good luck in your investments, and welcome! Regards, Pancho