GUMM - Eliminate the Common Cold Message Board

STOCKTALK

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 : GUMM - Eliminate the Common Cold

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kevin Podsiadlik who wrote (3861)	6/4/2001 12:15:30 AM
From: Mike M	Read Replies (1) of 5582

Much of the very large short position is boxed. (A lot of that as a result of the move to 36). Any time news is released there are a lot of long shares which can be sold into the rallies. To date GUMM hasn't delivered any kind of knock out punch to discourage that response. However, the Wrigley sale seems to have dislodged a significant number of shorts. Don't put words in my mouth. I never said the shorts were "worried". At this price, there simply isn't a lot of risk reward. In this market there are plenty of better short opportunities. Moreover, boxed positions can be easily closed without placing upward pressure on the stock. I'd love to banter but this stock is pretty low on my radar screen and I don't expect to give it much attention until certain things happen. What the price does in the short term is of little interest to me. As we both know the outcome will depend on management's execution and not on anything we might say.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next