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

To: Biomaven who wrote (63)	7/28/1999 9:58:00 AM
From: scaram(o)uche	Read Replies (1) \| Respond to of 427

Nice entry (18). My 52 week target that I picked a few months ago won't get hit, but it was $60/share. I don't know why we're not in the ballpark, as I feel that a P:E of 100 projecting this quarter forward is not only reasonable, it's conservative. That is, I do not understand why they can't just halt trading, say "sane people only, please", and reopen the sucker at $36-40/share. I'm not joking. This company is judged by some voodoo doll-like paranoia, not by rationale. Also...... for some reason, the stock has attracted investors that put too large of a share of their net worth into it. As a result, there's tons of fear that spreads from the rumor mongers and liars. It's much worse than was encountered with AGPH when the fear mongers hit.

To: Biomaven who wrote (63)	7/28/1999 1:50:00 PM
From: scaram(o)uche	Read Replies (2) \| Respond to of 427

OK, so let's say that this "hidden short" is in effect. What fund would lend the shares? The total number of shares that has traded in this period is humongous. It would need to be either a group of undisclosed (less than 5%) institutions, Wisconsin, or Shaker. Why would Wisconsin or Shaker do something like that? What would be the advantage? Furthermore, there just aren't any chinks in the armor. Who would try to hang onto this position through demand like we're seeing today? Are these guys out on a limb, expecting the government to bail them out? Are they exclusively playing with OPM, and don't give a damn? If it closed at $30 today, nobody, with the exception of one fool at Prudential, would dare call it overvalued. 830K shares, currently, and they're still cutting the ask to below the last trade. I am simply amazed.