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Biotech / Medical : Biotech Short Candidates

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From: tuck10/3/2005 12:53:39 PM
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Trimeris is bumping up these days. The uptrend seemed to begin after Glaxo started seeing liver toxicity issues with its CCR5 inhibitor -- considered an entry inhibitor as is TRMS' Fuzeon. A minor amendment to the manufacturing agreement with Roche has transpired. Meanwhile cash dwindles and financing seems imminent. Insider activity is mixed.

I'm very tempted to short here. Anyone else got thoughts?

Chart:

stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iub14!lh7,10]&r=0667

Looks overbought to me.

Cheers, Tuck
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