OPTS--Opta Food Ingredients Message Board

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Biotech / Medical : OPTS--Opta Food Ingredients

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To: Instock who wrote (70)	6/12/1997 1:50:00 AM
From: chester lee	of 85

Instock, Thanks for bring opts to my attention. I shorted at 8-1/8 and covered some at 7-1/8 ( couldn't get the entire position filled) and the rest at 7-1/4. Made a few hundred bucks. Anyway, Nice find. I covered opts because of the non activity and low volatility. I also needed the margin captial. This stock may lose steam yet, but I'm impatient as there are better shorts available elsewhere. FWIW, I've been trying to short CDRD, but can't get shares. BAANF looks way overvalue and has lose ground in hte last 4 trading days, when the dow has made about 200 points. Look for that one to fall fast and hard when the DOW corrects. CIEN seem over valued too, but the shares are a momentum play currently. However they have a queue of sellers just waiting to unload. Talk about selling pressure and dilution. If you like shorting broken stocks, look at IGCA and GRH. Chester

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