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Biotech / Medical : IMNR - Immune Response

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To: Robert DeHaven who wrote (983)7/25/1998 9:49:00 AM
From: AHM  Read Replies (3) of 1510
 
Just a thought - if you feel price is dropping, why not sell short and make yourself some money instead of waiting? You can reverse positions when you feel it has reached bottom. I've done that several times with IMNR and it has been extremely profitable.

I realize going short is harder to stomach - but if you think about it, it's no worse than going long provided you're careful and quickly cover any mistakes. Either way if your guess as to investor sentiment is wrong, you get stung just as badly. In my opinion shorting is a short-term strategy - you don't want to live with a mistake for very long. We all know that in the long run almost all securities rise in value - and this is why investors are willing to sit on a loss on a long position because eventually the stock will make a u-turn and gain in value. This won't happen very often with a short that was a mistake.
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