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Biotech / Medical : Spine-Tech (SPYN)

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To: .com who wrote (122)3/1/1997 3:42:00 PM
From: PacMac   of 242
 
Based on the chart history of this stock, shorting it at $30 proved very profitable to me. Based on the new news about FDA approval, shorting it now, at any price, seems foolish. Unfortunately, I was that fool when I shorted it when it broke down below $26. Do all those who follow this stock suspect that $25 will be the bottom for quite sometime now? The general opinion seems to be that Spyn is a rocket about to take off. Then again...it has routinely failed around $30. Please advise (I need to do something about my short).

P. MacAdam
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