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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?


To: Riverlightning who wrote (682)7/5/1999 12:03:00 PM
From: Phil Cressman  Read Replies (1) | Respond to of 5582
 
Why do investors think this upwards movement is due to a "short Squeeze"! I bought in at $l2.50 a few months ago and while not happy with the drop in value I always believed the underlying value was here and prices would move up into the $20 range as the flu season approached and/or sales booking numbers were released.

There may be some street rumors about pending news, articles or sales bookings coming before the annual meeting which are fueling this rize back up into a reasonable range of from $12 to $l5 pending further developments.

There has not been any detailed discussion of short selling and I hope that this upward trend is based on value and potential and should be sustained over the coming two weeks before the annual meeting.