J, Don't fuss (worry) about MLNM short, on a valuation basis MLNM is burning through cash faster then PET.COM did in its hay day.
I was one of those BTK MEGA-BULLS from 98-jan 2000, I then reversed and shorted some for some gain. The problem is simple no funding, no funding, no funding.
There are many other stocks in as worse shape as MLNM and if you follow these issues they always POP at the end of a rally, not at the beginning.
I still believe CRA is the best short, with MLNM, HGSI, MYGN, ABGX, TNOX and ONXX in a close second.
Many BTK's would not be around today if they did not have the public market from 99-2000 to do secondary offerings. I believe many more will be gone before they ever come close to getting a new drug.
INCY is a good comparson for CRA.
BTK's are so similar to .com's its weird |
