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


To: Hank who wrote (1575)11/10/1999 11:28:00 AM
From: Mike M  Read Replies (1) | Respond to of 5582
 
Plenty of room to average up if the stocks goes higher (assuming I can find more shares to borrow).


Hank, I've done a lot of thinking about your strategy.... Here is what you can do. Add to your short POSition at 27, 40, 60 and again at 100 (split adjusted, of course)...After that I would stick with 100 point intervals....

Good luck...




To: Hank who wrote (1575)11/10/1999 6:40:00 PM
From: John D. White  Read Replies (3) | Respond to of 5582
 
Well Hank,

Based on certain forward-looking statements released after today's close, my guess is that you will be able to "average up" as soon as tomorrow:

according to William Hemelt,
Gum Tech's Chief Financial Officer. "We are extremely pleased in achieving
widespread distribution of Zicam(TM) and expect significantly higher Zicam(TM)
sales in the fourth quarter. In fact, we have already received purchase
orders for Zicam(TM) three times greater than the amount sold in the third
quarter."

The market will need your supply of stock - even if you have to borrow it.

If you open an account at Fidelity, you will be able to borrow some - I have quite a bit there that I will move from cash to margin tomorrow.