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Biotech / Medical : VICL (Vical Labs)

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To: bob zagorin who wrote (1257)4/18/2000 1:05:00 PM
From: Greg Jung  Read Replies (1) of 1972
 
Well you snooze you lose bob I think it was just untimely announcement and with scare articles saying how biotech could go into another 3-year slumber ... I think it got a premature funeral. VICL is just the kind of 1 1/2 tier stock that can make a lot of good trades. I sold my PEB at loss yesterday before it went +13 oh well but its got a measurable prospect and hasn't fallen as much is what I reasoned. Anyway toraise cash to protect these biotechs I've also stepped into hgsi at 59. Fundamentally we need a stock price boom to fund equipment that PEB sells so as I write this I'm not unhappy about bailing even though the timing stinks. We'll have to see if vicl can regain ground above the 200dma it seemed content at 30 but everything is pointing down I'm thinking, take profits when they present themselves.

I would consider shorting in this market but margin rules work against shorts much more than longs. The buy-sell sequence is the same but the first and last transaction.

Long: B .. S .. B .. S .. B .. S
Short: S .. B .. S .. B .. S .. B .. S .. B

To go short you need options, really.
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