Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: millerme who wrote (2791)	6/24/2001 8:32:29 PM
From: Michail Shadkin	Read Replies (2) of 6873

Millerme - Re: DRRX I find it very strange that only 23K shares are short. cash is 1.77/share cap is 635 million Price to sales is an astounding 79 times. estimate june quarter -.16 2001 estimate is -.60 2002 estimate is -.61 So they have enough cash to last 3 years. DURECT Corporation is engaged in the treatment of chronic diseases and conditions by developing and commercializing pharmaceutical systems to deliver the right drug to the right place in the right amount at the right time. Person that wrote above description in PR department should be fired on the spot. Anyway, I think this could be decent short with a nice entry at 15.00 to 15.50 which is just below some major resistance when the IPO came out. I would strongly suggest a stop at 16.50 as IPOs on breakout can run very significantly. Michail

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