Biotech Values

[spartex]

rfj, are you saying that your 10% loss rule applied to your buying of RPRX?

At what price did you first start buying? It would have to have been in early 2006 (Jan-early March) before RPRX ran up to 8+, as it has come all the way back down to the upper $5's where I started to purchase it in mid-Nov (in other words, >10% decline).

Looking forward to your update from analysts' day for RPRX next week. I would think with the stock priced at $13 now, a 2 mil share secondary would raise $22-25 mil. Will that cover the companies plans to complete their trials in 07-08?

Thanks again for your biotech pick list. I'm going to look at your NBIX turnaround for 2007 pick. I like that it has a very large cash position.

Spartex