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Biotech / Medical : SNRS- Sunrise Technologies

SNRS 0.000001000

0.0%

Jan 12 9:30 AM EST

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To: majormember who wrote (1893)	12/15/1998 11:58:00 AM
From: Sylvester	Read Replies (1) of 4140

402,000 shares traded, SNRS up 1/32 I'm not sure you can microanalyze this. You have those short termers who buy on the rumor and sell on the news, who made have decided to get in at $5 plus and sell around $7. Good play. Raging Bull suggests that shorters are panicing. I don't think so, shorters aren't evil people out to steal our money, they just have a philosophy thats contrary, and they stick to it. This may be a good short play a few day from now, but I don't think we'll see $5 again. PMA was a major step forward and a permanent one. When seems to be happening is that the short termers are selling and new investors, who waited for this announcement are slowly accumulating. There may be some minimal short pressure to keep the stock below $7, but that seem to be weakinging. Even if we pull back, we're at the beginning of a protracted upturn leading to FDA approval next summer. There is little that can happen in the way of bad news that will fundamentally hurt this puppy. IMHO Sylvester

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