Closing TRCA (Tercica) outperform
Boom! That's my second buy-out in a week, after Kosan. How quickly the winds of fortune can change. From a score in the negative 300's to nearly 200 in a couple of weeks, just when I was on the verge of giving up my dream of differentiating the players from the pretenders in biotech. I know, I didn't predict the acquisition, but the bottom line is identifying value. Whether the value is eventually realized by the market or another company is irrelevant.