Biotech Values

[rkcrules2001]

<<...although the FRX and OSIP gains are still on paper.>>

I'm not sure those words would have meant nearly as much to me a couple of weeks ago. But after my recent PARS experience, they created a slight burning sensation in my gut.

The PARS debacle changed a 300%+ gain into a paltry 40% gain, counting all PARS trades over the past 18 months. Very annoying and very educational. All in all though I'm quite happy with 2004 -- decent returns and some great learning experiences.

Thank you, Dew, and the many others on this board who have generously helped in that process.

rkc