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Biotech / Medical : Biotech vs. Shorts

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To: Biomaven who wrote (175)8/24/1999 6:07:00 PM
From: Biomaven  Read Replies (1) of 427
 
BCRX popped sharply today - up 9 points, presumably on the back of day-trader shorts. These appear to be the same guys who went after VPHM recently.

There's actually a thread on shorting BCRX:

Subject 29998

I've never really looked at BCRX, so I don't have any opinion on its fundamentals. However, maybe a good confirmation to stay away from the day trader lot and "popular" shorts. I assume the stock will pull back at some point, but I sure don't want to be in the business of guessing when.

Seems like we aren't getting the traditional quick decline after a pop on news that we were used to seeing. Certainly VPHM has come back very nicely, unfortunately without me as I sold when it first popped.

Peter
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