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Biotech / Medical : OPTS--Opta Food Ingredients

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To: chester lee who wrote (11)5/31/1997 11:00:00 AM
From: Instock   of 85
 
Chester: The three day rule? Do you mean the fact that BW stock picks tend to have a good two or three day run before dropping in price?
This stock looks like it got a jump on things by moving up a good amount for the 2 or 3 days before Thursdays BW story. I am expecting the stock to have a very short life going up and MAJOR profit taking starting Monday.
The stock is normally thinly traded but there will be 333,800 shares from Friday alone looking to lock in profits ( selling ).

I am not sure there will be that much buying intrest on Monday either.
When people read the story in BW this weekend and then look at the stock price over the last few days, many will conclude that the stock has already had its run. If they look at the fundimentals, that alone should scare them from a $8.00 stock.

Your thoughs?
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