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April 2010



Help! I can't find the CANCEL button on my brokerage account!

April 13, 2010 – Comments (19) | RELATED TICKERS: MIPIQ.PK.DL

Do you know what it's like to wake up at 9:25 AM after going to sleep at 6 AM? I call it brain burn. It feels like heartburn but it starts at the vertex of your skull and slowly seeps down the front of your brain into your eyesockets where it collects and sears your retinas every time you try to open your eyes.  [more]



Biodel and the Bottle Imp

April 05, 2010 – Comments (6) | RELATED TICKERS: ALBO , 56400P706 , DNDNQ

Investment strategies sometimes come from unusual places. I developed one perspective on baby biotech speculation from a 19th century story by Robert Louis Stevenson called “The Bottle Imp”. If you aren’t familiar with the story, it’s a beautiful classic from one of our literary masters. The gist of the tale is that at the turn of the century (19th to 20th), a poor Hawaiian laborer buys a bottle that contains a magical imp who can grant any heart’s desire. There are several conditions involved in owning the bottle. The first is that if you die in possession of the bottle, your soul will burn in Hell for eternity (for those of you lacking religious education, that’s bad). The second is that the bottle must be sold for less money than it was bought for, and in coin currency only. The third is that the prospective recipient  of the bottle must be told the exact and full terms of ownership prior to the sale. The final catch is that the bottle cannot be discarded or destroyed. If any of these covenants are violated the bottle will return to the previous owner.  [more]

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