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Biotech / Medical : IPIC
IPIC 0.00010000.0%Dec 18 4:00 PM EST
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To: Jack Ryan who wrote (804)10/14/1997 10:38:00 PM
From: Pancho Villa   of 1359
 
Jack, this is not my only position. I have another short, INTC (I may cover tomorrow), a good number of longs and these times also about 30% cash. I use the shorts as a part of an overall hedging strategy. I usually short stocks that do not respond to bad news as I think they should (e.g., IPIC with the redux recall and INTC with the DEC lawsuit).

Have a good trading week.

Pancho
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