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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (10434)6/30/1999 10:10:00 PM
From: Peter Yang  Respond to of 18998
 
>>ABRX - pretty incredible. What happened? <<
Supposed to be taken out at $25. So at $29, it got to be a good short.

Guess not! Thin float and 100k buy drove it up from 20s to 100.



To: Peter V who wrote (10434)6/30/1999 11:23:00 PM
From: Andrew H  Read Replies (2) | Respond to of 18998
 
Hard to imagine that kind of short squeeze with 21M shares in the float. And the volume was not that heavy. One can only hope a lot of the pinks were short!!

Actually this looks like a great short at these levels.


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