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Biotech / Medical : Biotech vs. Shorts -- Ignore unavailable to you. Want to Upgrade?

To: Vector1 who wrote (6)	7/24/1999 8:24:00 PM
From: Biomaven	Read Replies (2) \| Respond to of 427

V1, professional short players who spread false and misleading rumors and inuendo in an attempt to drive the price of a stock down Bringing these examples to light is exactly what I hope will be done in this thread. Biotechs are uniquely vulnerable to this sort of rumor - by their very nature they have long periods of silence, and it takes a long time before rumors can be disconfirmed. By then the damage is often done. In the case of CLTR we at least had a known short seller (Avon). Perhaps even more troubling are the cases where the only evidence of shorting is unexplained stock declines and a pattern of rumors. Currently GLIA seems to be suffering this fate. Major selling, nasty rumors (Adcon is having problems, etc.), no big published short position, no large number of options outstanding, and no big sales by insiders or large holders that anyone (including the company) has been able to identify. All we are missing is the article in TSC or the New England regional edition of the WSJ, with adverse comments by a short seller "who no longer has a short position." (cough, splutter). Peter

To: Vector1 who wrote (6)	7/25/1999 11:09:00 PM
From: lwd	Read Replies (1) \| Respond to of 427

*They are only one step up from the gutter from those hedge funds who buy floorless converts and then short the stock to lock in a profit ultimately severly damaging the financial viability of the company who issued the death spiral preferred.* Do you think that this is what happened to GZTC? There has been extensive speculation and debate on this on the Yahoo GZTC thread. Also, any thoughts on GZTC's recent improvement in price and its likelihood of maintaining the upward trend? TIA