Sugen (SUGN) Message Board

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Biotech / Medical : Sugen (SUGN)

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To: Phillipa who wrote ()	5/29/1999 4:51:00 PM
From: Cardin Drake	Read Replies (3) of 550

I have been long in this stock, but I got out last week. It concerns me that there has been a LARGE increase in the short position, and now it appears that people are buying puts as well. I like this company, and I haven't seen any insider selling, but there are only 10 million shares outstanding(float), and the short position has increased from 230k to 1.8 million since March. I have to at least SUSPECT that somebody out there knows more about how Sugen's trials are going than I do. Trial results will move this stock one way or another, and I hate to be just guessing, when some people out there have a darn good idea about what is going to happen. I'm going to sit on the sidelines for a while on this one and see what happens.

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