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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Vector1 who wrote (4421)	3/20/1998 11:51:00 AM
From: Rocketman	Read Replies (2) of 9719

I'm with you V1, this valuation is pretty ridiculous, regardless of what the rest of the German market is doing. We can outwait the bubble until it pops. The fact that the German market is this ridiculously volatile, doesn't mean it can hold the gains. One of the advantages of a paper short, is that we can't have our borrowed shares repossessed and be forced to cover, thus we are squeeze immune. Also, the fact that one of the guys couldn't get shares to borrow through Fidelity is evidence that it has been pretty heavily shorted. We're seeing 4X volume and a 142 PE. Also, only 4 analysts cover this stock, 1 strong buys, 1 moderated buy and 2 hold. With a 50% run up in March, I would be expecting some analysts to advise taking profits and running by issuing some downgrades (unless they are truly asleep or too contaminated by the investment banker side of the game). V1 can you dig up which analysts are covering and who does the investment banking for these guys? Rman

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