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

To: Eric Fader who wrote (1365)	11/3/1999 1:23:00 PM
From: DanZ	Read Replies (1) \| Respond to of 5582

Eric, Fiero has been shorting the stock, but he's only showing 100 at a time. I don't even think that he wants to short it. He's just putting up offers with the hope that people will sell at the bid. If the bid drops, he fills in the hole by moving his 100 share offer down. The way to tell that he really doesn't want to short more is because sometimes he will move his offer up if another offer at the same price gets hit. Other times, he will fill 100 and move up. He's just playing games with the stock and has been successful only because a lot of people took profits. This pullback looks completely different from the one in February and I'm confident that the stock will make its way back up. Plenty of money that sold between 18 and 19 will find its way back into the stock IMO. The reason that I say this is because Gunn Allen took a lot of profits on the way up and they are flush with cash now. Combine that with their bullish outlook, and I'm confident that they will be buying the stock back. The offers that you see in the high 16's are retail orders, mostly MASH, NITE, and ISLD. I seriously doubt if these are shorts. They are probably just day traders and short term traders.