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Biotech / Medical : T/FIF Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (909)	5/27/1999 11:48:00 PM
From: scaram(o)uche	Respond to of 1073

Bless you! Oh, and I forgot..... you are not allowed to go on vacation in the future. We made an exception this time. I had the same thought.... lots of green for me at the end of a tough day for many.

To: LLCF who wrote (909)	5/28/1999 12:41:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 1073

chit chat and charts--mainly OT Please forgive the fact that this post has no science, no links, no insight, but this is what a quiet market does to ya, heheh. It's a madhouse! Yes, Dave, I noticed the apparent relative strength in biotech today as well--no damage to my stocks today despite a weak market, a few of my micros up 1/32, a few zeros, and sibi the only real loser in my batch, and not really off too much there either. Of course it helps to be in things where everybody who might have sold, has already been shook out. The question is, after this correction runs it's course, will there be new leadership in the small caps (much less my microcap biotechs) hard to say. I do not like this upward rate bias, that gives the fund guys an excuse to sell biotech and buy pharma I think. I say on my profile that I'm even for the year, I guess that is not quite true, up 10k or so YTD, I can live with that cushion if things go sour, then load up if things seem to bottom out again. But I think the small biotechs have already made convincing bottoms--here and there good double bottoms, and now, one by one individual issues are just going to have to scratch and claw there way into the spot light. Heck, my NTII has more than doubled off it's lows, my CNSI has been trending up this past month, my CTII and MAGN have bottomed and I'm even in these issues, so I cant complain and I certainly have not overpaid for anything. Oh I have huge risk in my stocks, but in a way, they are such extreme choices that I hope this will make them completely uncorrellated with the market in general. I've even enjoyed a good trade in ONXX this spring, no, I cannot complain. There are two stocks on my primary watch list that do not look good right now--MOGN seems to have reversed, and Curagen looks sickly. I used to not pay any attention to the chart and the trend, but I kinda do now. I'd have some of my money which is now raking in passbook savings interest rates into Sepracor by now if I didn't have some respect for trends and momentum, yikes, what a bloodbath that was. Also on my various lists, NBIX and REGN look like they're trending up quite nicely, you know I sold REGN to load up on more of my micro madness, I will regret that trade if regn keeps moving up slowly. also CEPH and CORR would be the fund managers biotech picks that look good. As far as tradable stocks which don't really seem to have a trend, Sugen and Celgene stand out.