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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Dec 12 9:30 AM EST

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To: Michael H who wrote (4063)11/16/2000 9:09:59 PM
From: Rich Wolf   of 4140
 
I'm not surprised that the shorts are beating up on the stock. It could actually be that what they know is that other analyst coverage is coming 'soon,' and this was a great opportunity to free up some shares by driving it to just under $5, holding it there for at least 3 days, then really taking it down so the ones who had to sell but had put it off would get screwed by being forced to sell at much below $5.

Interesting that the Lehman analyst explicity said 'two more analysts covering.' I would think that just one investment house would do the trick, two would be sweet.

You are quite right that the downdraft indicates something. We just don't know what, and the company reports all is on track. Guess we'll find out the last what the cause was, or lack thereof!
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