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Biotech / Medical : Biotechnology Value Fund, L.P. -- Ignore unavailable to you. Want to Upgrade?

To: RWReeves who wrote (606)	4/16/1999 11:45:00 PM
From: scaram(o)uche	Respond to of 4974

>> While you may not agree with the philosophy, astute traders can trade on this volatility << I day trade options. For the past two days, I've been daytrading at-the-money calls just at expiration. My three trades have netted about 20%, 105% and 130%, all within minutes. On Wednesday, I went three rounds on ONXX, the first two profitable, fast..... still holding the third trade at a slight loss relative to the profits. I trade with about 15% of my portfolio. The remaining 85% has been sitting and rotting in dead money land (BTRN, SIBI, GLIA, and, until recently, OSIP among others). However, the return on my trading portfolio, annualized, is well off scale. It is a number so high that people would scoff if I posted it. >> While you may not agree with the philosophy, astute traders can trade on this volatility << Obviously not.