Biotech vs. Shorts Message Board

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Biotech / Medical : Biotech vs. Shorts

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To: scaram(o)uche who wrote (40)	7/26/1999 11:23:00 PM
From: scaram(o)uche	Read Replies (1) of 427

MEDI.... short 12.9K shares on 9/30 (at split-adjusted $32.40/share), covered by 3/31/99. Heh, heh, heh. I have long believed that there are collaborating funds out there, shorting biotechs. I never expected to run across one that was so damn blind to what they are doing. Like Franklin Templeton, Prudent Bear, and Jim Cramer's fund, these guys had to write a "sorry about our dismal performance" letter to their investors. Why do the investors continue to assume that the fund managers know their business? Why are these clowns out willy-nilly shorting biotechs at a point where the sector has been beaten on to absurdity? (a) no brains (b) no brains (c) no brains, or (d) no brains (multiple choice)

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