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


To: Hank who wrote (1940)12/21/1999 5:44:00 PM
From: DanZ  Read Replies (4) | Respond to of 5582
 
The nicotine joint venture will be very big to Gum Tech in the long term. Today, we had some buy the rumor, sell the news. The decline wasn't due to any fundamental reasons, and IMO it will be short lived. As I have opined before, shorts and longs can make money trading this stock in the short term. The longer one holds a short position, the more likely it is that they will lose money. Enjoy your day, and remember that you don't realize a profit until you close your trade. Zicam, nicotine gum, and future products that we don't know about yet will propel this stock significantly higher over time. I added to my position today at 17 11/16, 17 3/4, and 18 1/2 and I don't think it will be long before the stock is back over 20.

Regards,

Dan



To: Hank who wrote (1940)12/21/1999 5:49:00 PM
From: Mike M  Respond to of 5582
 
I think that is wise. The nicotine will take several months to get to the top line and maybe another quarter or two to the bottom line but it will get there. The market won't take long to get the message.

Technically, I don't see much more downside. If you want to short more I would wait for a good bounce.