SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : ONXX

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Elmer who wrote (400)8/2/2000 5:56:02 PM
From: Fundamentls  Read Replies (5) of 810
 
long-term this is the last stock I would short

Very few stocks make good long-term shorts, only real bankruptcy candidates and scams. Most short plays are closed out within a few hours to a few weeks. Cancer cure announcements are almost always good shorting opportunities; even if this turns out to be the "real thing" (and I have no opinion on that issue), the stock has almost certainly overshot its trend and will consolidate for a period of time before it can move up further.

ONXX may go higher before it goes lower, but it almost certainly will go lower. The euphoria of yesterday's announcement will be followed by the reality settling in...that it will likely be years before today's news has any real impact on earnings.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext