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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling
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To: Rhino Ray who wrote (2799)6/25/2001 12:33:59 AM
From: Michail Shadkin  Read Replies (2) of 6873
 
Rhino Ray - Re: UTHR

I dont like this short at all.
They are losing about -$2.00/share a year
But their cash is very strong at 9.36/share

They recently filled the big gap down and have now retreated to the bottom of the gap.

There is a ton of support there at around 11.00

Between the support level and cash on hand, I would say this will have a very hard time breaking 11

I just dont like the risk/reward here at all.

Michail
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