BCRX: Target practice for shorts Message Board

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Strategies & Market Trends : BCRX: Target practice for shorts

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To: Manly who wrote (17)	8/13/1999 5:00:00 PM
From: Gary Stover	Read Replies (3) of 96

I agree... The short interest has increased dramatically in the last couple of weeks, and BCRX is most likely being driven by weak covering. I can't imagine anyone going long here, especially with it being so close to the 12 month target of $25. My guess is that we will see it begin to pull back beginning Monday, and continue to do so until the mid to low teens IMO. I will say, however, that this one has been stubborn - kind of reminds me of OMGA when I went short a few months back. As soon as I covered, the stock went south. I won't do this with BCRX - I can wait it out. Gary

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