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Biotech / Medical : Biotech Short Candidates
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To: enrico99 who wrote (766)12/29/2005 6:55:27 PM
From: I_Banker  Read Replies (1) of 897
 
I myself shorted the other day at $17.40. I also went short the March $20 calls and bought some June $17.5 puts. Given what they have, or rather don't have I see BCRX as extremely overvalued. The only hard part is figuring out when the market will get over the hype and view them rationally. Sometimes this can take a long time.
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