Duramed (DRMD) Synthetic Estrogen Product Message Board

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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product

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To: vestor who wrote (1803)	6/27/2001 11:06:58 AM
From: RumbleFish	Read Replies (1) of 1837

There is reportedly a huge increase in short interest in DRMD this past month. A poster on Yahoo (yeah, I know you should usually take anything on Yahoo with a grain of salt, but this sounds right--it gives a source and a number. I don't have a WSJ account to check this). Today's WSJ June 15- 2250511 May 15- 1414652 Increase of 59% I'd be very surprised if the convertible guys weren't behind this. Two things occur to me with this news, one bullish and one not. (bullish): If the convertible guys have already shorted this much the worst is over. And the stock managed to keep climbing in the midst of it. (not bullish): If the convertible guys (who probably have better information than any of us) think now is the time to go short they may not think the stock is going much higher. Personally I'm still long but I've cut half my stake.

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