Alteon (ALT) Message Board

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Biotech / Medical : Alteon (ALT)

ALT 5.430

-1.3%

11:36 AM EST

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To: kenneth wanta who wrote (175)	12/6/1997 2:38:00 PM
From: Rudy Saucillo	Read Replies (1) of 318

Curious logic to go short after a $200 million dollar deal is announced on a greatly oversold stock. Obviously, the time to have shorted ALTN was last year - any point after the HMRI bail. Risk, as I've mentioned many times, was at an all time high and you could have ridden ALTN down from 18 to 2-1/2. If you're just trying to skim $1 or so, the potential is clearly much higher on the long side. But good luck to the shorts. If ALTN does happen to drop to your target of $7/share, I'll be a buyer same as you both. If not, I'm more than pleased with my current (long) position. Cheers! Rudy

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