Duramed (DRMD) Synthetic Estrogen Product Message Board

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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product

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To: Judith Weintraub who wrote (513)	12/31/1997 2:21:00 PM
From: taxikid	of 1837

true.. but it isn't the short sellers that push the price down, it is the lack of buying that pushed drmd and many stocks down, short selling puts a sort of temporary cap on how high the price will go short term.. the short selling, if they are premature, precipitate a squeeze and then a surge in price unwarranted by ta or fa, which is why short interest is perceived as bullish by many people.This also causes a whipsaw price that can fool a lot of people. see ddim/zitl charts for the mid spring.. regards taxi

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