Give Me Biotech not Adsense

I hate having to own individual biotech stocks, so I don’t.

But I did buy for what seems the umpteenth time…some $IBB last week (posted on Stocktwits at $97) and it’s already working nicely. I took the entry again because if I don’t I feel another iRobot $IRBT which has soared without me as a shaken out shareholder.

Here are the biotech stocks that make up the $IBB. It’s like Biotech for old wussies.

It is hard for anyone to believe this, but the first quarter of 2011 was the best quarter for the S&P since 1998. I think it was probably my best too with huge gains in stocks I have long loved $rnow $aapl $intu $arba $rax.

There were four big fundings in private companies in my portfolio including $10 million for Limos.com.

There is endless chatter about the bubble in the financial markets and startups. Here are two recent great posts with differing takes. The first is from my pal Brad Feld who I just spent some time with in Montreal. Brad says entrepreneurs should ‘ignore’ the word bubble. I would add that entrepreneurs should really think about their capital structure now that capital is flowing.

The second post is from Rick Webb whose article resonated with me because of my experiences with the advertising market and the internet. To me, he is right on.

Nobody owns biotech stocks though. Nobody that is except the city of San Diego. It’s time for me to at least do a little work seeing I love San Diego and plan on staying here for years to come.

I think the internet cycle is at a point where I would rather invest in a biotech company than an internet company that is reliant on advertising revenue.