Biotech Values

[mgm3]

Fortunately, head overruled heart at the beginning of the month and I closed my [PARS] position.

Yes, the lack of SPA made me increasingly uneasy, but I closed my positon at even money, because the risk/reward shifted for personal reasons. PARS was by far and away the riskiest of my investment positions; it was prudent to move to more solid ground.

Then there was the gut feeling: Given that individual investors are the last to know, I also think that the stock would have behaved very differently if the trials had been proceeding favorably.

On another topic: a talking head on CNBC this AM said that PFE was overblown--even if MUST withdraw Celebrex, it would still be trading at 13 x's earnings (currently at 11 x's) I know you reloaded--any SPECULATION or thoughts on when and where it might stabilize?

Happy Holidays,

mgm3