Monday, October 31, 2005

Buy signals for CEGE (Cell Genesys) and TELK (Telik)

There are buy signals for CEGE and TELK today. Therefore I will add CEGE and TELK to my model Oncology-Biotech portfolio. The portfolio starts with $100,000 on Nov 1st and will eventually contain 5-15 mostly oncology companies. I will monitor the performance of the portfolio and will compare it to benchmark indexes periodically. Buy 1500 shares of CEGE at the open Nov 1st Buy 500 shares of TELK at the open Nov 1st Stop loss for each position -10% of the purchase price.

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