SNRS- Sunrise Technologies Message Board

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Biotech / Medical : SNRS- Sunrise Technologies

SNRS 0.000001000

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Jun 6 11:01 AM EST

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To: Joe who wrote (1783)	11/7/1998 3:12:00 PM
From: Joe	Read Replies (1) of 4140

I posted this on YAHOO. It sums up my thinking on SNRS and what I think will happen next week. IMO the shorts were depressing the price at least over the past several weeks while the private placement was being priced. The placement has been priced now and is based on the average price of the last 10 trading days prior to Friday. So what we saw yesterday was shorts starting to cover their positions. Since the short interest went from .8M to 1.3M this last month (I think those were the numbers), I would expect that at least .5M will be covering now. It started on Friday with maybe 100K shares being covered. The move we will see on Monday will be even higher volume than we saw yesterday. If there are a lot of new investors coming into the stock on Monday morning as I expect, based on the huge number of RSVP's Sunrise has at AAO on Sunday, and we have people out there trying to cover 400K shares, and the fact a lot of the weak hands have been flushed out of the stock by the prolonged depressed price, we have the potential for a nice run-up in price next week. If they announce the PMA submission, hang on for the ride! It will be a profitable one! Joe

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