Chromatics Color Sciences (CCSI)--Non-Flaming Discussion Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Chromatics Color Sciences (CCSI)--Non-Flaming Discussion

CCSI 29.32

+4.6%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stephen Kahn who wrote (25)	5/12/1998 6:05:00 PM
From: Ron Harvey	of 44

The stock bounced back smartly today from a very brief foray into the high 12's, so I bought back in sooner than I'd expected after selling at 17 on 5/4. While I still have some ammunition in reserve should the stock drift down again (or maybe even goes up), the trading, at least for the short term, looks like it's heading north. I figure that a deal announcement should be reasonably close at hand. And even if the deal turns out to be disappointing after it's digested by investors, it'll still fuel a strong short-term move because it'll be promoted as being wonderful. (You don't hire a more expensive intl. PR firm to proclaim that you've just made a mediocre arrangement.) Naturally, if I feel confident that the stock will move up on a weak deal, I'm even more sanguine that an impressive partnership will boost it on a sustainable basis. The shorts can be expected to yowl no matter what happens, so they'll be discounted, even if they happen to be right should the deal be a weak one. . . at least initially. I've made money on several trades of CCSI (one a jaw dropper) in the past six months or so, and I believe that another opportunity is unfolding now. (The longs who created from their imaginations a scenario of the deal announcement occurring just before, during, or immediately after the pediatricians' shindig provide a stock-trading lesson in overzealousness. There's a fine line between hope and self-delusion. . . and not just with stocks, of course.)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next