Biotech Values

[DewDiligence]

How did everyone do in 2004?

I’m not too modest to announce that 2004 was my best year ever, thanks mainly to GENR. Also did pretty well on NTMD, SRDX, NVS, and FRX, and very well on OSIP, although the FRX and OSIP gains are still on paper.

Unlike 2003 (where I lost money on the short side), I didn’t have any major setbacks in 2004, either long or short. I am in the red on GTCB, but I think the fundamentals are strong and I haven’t sold any shares. At this time, my largest positions are GTCB, OSIP, PFE, and FRX.

Happy New Year to all!