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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Vector1 who wrote (5976)	11/19/1998 12:02:00 AM
From: Rocketman	of 9719

I don't know, this is still a company with $240M per year in sales and a $110M market cap and the losses aren't that high. This is too much like looking at a high volume low profit retailer for me. With that kind of sales volume I have trouble seeing a huge upside in a short, but some big risk if they come out with something surprise. Hell, they could announce a reorganization, do layoffs, cut costs and suddenly turn a profit. I have more of a bias on shorts to play against market overreaction where the momentum traders are just running something up on ridiculous volumes that can't be sustained. Shorting these seems close to a sure thing. Rman

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