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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: PJ who wrote (1760)8/4/1997 1:35:00 PM
From: James F. Hopkins   of 1836
 
Hi PJ; I mostly stay away from Bio-tech drops, unless they drop
below cash, or book value..they burn cash, and often once they
drop they go on to drop even more. Done lost to much playing
the bio-techs, with any dead cat I play, I want to see some book
value , or lots of cash, not all of them bounce, and even with the
ones that do it can take a while. Heck she only had .5m in sales
with a 9m loss..yuk :-( I may reconsider if she goes to $2

Jim
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