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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Cytokine1 who wrote (5221)	6/27/1998 5:09:00 AM
From: Rocketman	Read Replies (1) \| Respond to of 9719

Numbers look right to me. What you might want to do, which really reflects the situation more accurately, but requires some creative formulations is to change the short credit line from a static number based on the purchase price, to short coverage reserve. This should be a positive value that is equal to the negative value of the days close on the short, not the purchase price. The difference for the day would then be added or subtracted from the margin on a daily basis, depending on whether you made money on the short or lost money on it that day. The buying power then equals the equity minus the short reserve plus the negative margin value. Have fun writing formulas. Keep up the great job! PS: the INHL was a nice buy! I love playing the dead cat bounce! Definitely looking forward to next week on ENMD too. I really expect it to start to drop pretty consistently for a bit as interest wanes. Dave

To: Cytokine1 who wrote (5221)	6/29/1998 7:02:00 AM
From: Rocketman	Read Replies (2) \| Respond to of 9719

MODEL BUYS 10 contracts for July calls at $35 for AGPH at Fridays close which is 1 5/16th

To: Cytokine1 who wrote (5221)	6/29/1998 8:42:00 PM
From: Cytokine1	Read Replies (2) \| Respond to of 9719

VD's MODEL PORTFOLIO 6/29/98 Change -$608 DOWN -0.34% Started 4/9/97, $100K . INDEX ^IXB DOWN -0.21% YTD EQUITY CHANGE 11.8% # CURRENT DAILY CURRENT COST TOTAL %GAIN/ % OF SYMBOL SHRS PRICE CHANGE %CHG VALUE SHR COST LOSS TOTAL ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= CLTR 1000 29.88 0.50 1.70% 29875 10.88 10875 174.7% 15.4% SEPR 272 40.94 -0.06 -0.15% 11135 37.55 10214 9.0% 5.8% INCY 1000 33.75 1.50 4.65% 33750 29.41 29409 14.8% 17.4% GZTC 2000 7.25 -0.50 -6.45% 14500 7.737 15475 -6.3% 7.5% AVIR 737 29.13 -0.38 -1.27% 21465 27.88 20544 4.5% 11.1% GENZ 830 25.75 0.34 1.35% 21373 25.17 20893 2.3% 11.0% MOGN 2000 6.88 -0.13 -1.79% 13750 7.00 14000 -1.8% 7.1% DURA 200 23.13 -0.19 -0.80% 4625 24.63 4925 -6.1% 2.4% MLNM 300 14.50 0.38 2.65% 4350 18.63 5588 -22.1% 2.2% LGNDW 3000 6.63 -0.25 -3.64% 19875 8.75 26250 -24.3% 10.3% ABSC 1000 6.13 0.00 0.00% 6125 11.19 11189 -45.3% 3.2% INHL 500 25.50 0.00 0.00% 12750 23.13 11563 10.3% 6.6% ENMD -400 31.94 1.69 5.58% -12775 34.06 -13625 6.2% STOCK ______ ______ ______ ______ 180798 167298 8.1% 100.0% SHORT SALE CREDIT ______ ______ 13625 MARGIN MTCE. EQUITY 50.4% MIN 30% (90527) BUYING POWER $ ______ 594 EQUITY (NAV) ______ ______ ______ 103896 100000 3.9% ^IXB INDEX 320.14 -0.67 -0.21% 302.42 5.9% NOTES: OPEN orders subject to available buying power--- Open limit sell order, 260 shrs GENZ @ $35 6/26/98 AGPH bought 10 contracts July call options at $35 @ 1 5/16 6/26/98 7000 MOGN sold 1000 @ $7.00 gain 0% 6/26/98 7611.22 AVIR sold 263 @ $28.94 6/26/98 -11562.5 INHL bought 500 @ $23.125 6/18/98 2287.5 DURA sold 100 shrs @ 22.875 6/18/98 6545 GZTC sold 770 shrs @ $8.50 6/18/98 13625 ENMD sold short 400 shrs @ 34.0625 6/4/98 -4788 SEPR bought 126 shrs @ $38.00 6/3/98 7250 GENZL sold, 1000 @ $7.25, loss $3117, 30% 6/3/98 9500 REGN sold 1000 @ $9.5 loss $2500, -20.8% 6/3/98 -21000 MOGN bought 3000 @ $7.00