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Strategies & Market Trends : Roger's 1998 Short Picks

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To: tcarnes who wrote (543)1/9/1998 9:18:00 PM
From: Bill Wexler  Read Replies (1) of 18691
 
I put in an order on TRBO at 10 7/8 - so I missed too.

I'm still wondering if they're about to release hype-news. If so, general market conditions may still make it tough for these sleazebags to pump the stock up any further. Oh well - I still have my original position which I opened at 18.

BVF dipped below 35 today. I'm pretty sure the next earnings report will more accurately reflect the weak financial condition of the company. I will probably short more early next week, and I might hedge a portion of my position by buying Feb. calls. Even though I'm very confident that the stock will eventually trade much lower, I don't trust these guys to give up without a fight.
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