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Biotech / Medical : Biotech vs. Shorts
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To: Neuroguy who wrote (364)2/17/2000 12:47:00 AM
From: LLCF  Read Replies (1) of 427
 
<The chart is ugly in the extreme. There is no pressing reason I can see to expect short-squeezing movement. >

Except, it's a promising biotech.

< What might you be seeing here that the shorts have missed? I'm curious.>

In this market I think the real question is 'why short GLIA'? You have to have your head examined to be short GLIA in this market. THat said, the shorts are lucking out so far. We clearly haven't picked up the kind of buyer to rip them yet.

<In the last few months, you could have used a dartboard to choose your biotech>

Exactly... and you could have used a dartboard to pick shorts too, this one was none to bright, no biotech was. I'll repeat, I don't know who is short GLIA, but they clearly have too much money if they're wasting time shorting this one, parting them from some of it would make me very happy.

All my opinion of course.

DAK
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