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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Gordon A. Langston who wrote (3548)	12/17/1999 11:09:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 4140

I have already stated my intention of buying out of the money puts to protect my long position. On yesterday's dip, however, I bought another 2,000 shares. I am 80% sure they will get some sort of approval. I believe they were given this date because they assured the FDA they have much more this time at the table than in July. I also know they know they have no future without the approval and will come in with overkill informations to assure pannel that approval should be granted. The 20% unsure is that the pannel could request additional information or proof and thus cause overreaction to the downside. I am hoping the stock will trade near 17 and at that time I would buy Jan. 10 puts. If no approval, I suspect we will see 5 the next morning. With approval, however, I would not be surprised at $30 the next morning. Good luck to all. Steve D.