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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (4565)3/2/1999 2:16:00 AM
From: Mark L.  Read Replies (1) of 4634
 
Since I know you are fond of ZONA, here's another thought: MacroChem (MCHM). Twenty employees, $240 million market cap, no Schering-Plough (or anyone else) to market their ED drug, a long history of management not delivering on projections, a too easily-grasped concept, and rabid, misinformed evangelists on their Yahoo! board. It's had a nice run-up the last couple of days on mini-orders (only a couple of blocks).

I do not recommend shorting it in the next few days, just to be absolutely sure they're not about to sign a strategic partnership and to give the momentum players a chance to exhaust themselves.

Obviously, before shorting it, you have to make yourself comfortable with the limitations of trans-dermal therapy.

Disclaimer: I have a decent-sized short position that I'll probably be adding to.
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