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

To: RockyBalboa who wrote (2062)	1/23/2000 6:25:00 PM
From: Mike M	Read Replies (1) \| Respond to of 5582

Yes... If I compare them percentage wise then I compare an equal dollar amount of GUMM with YHOO, CMGI etc. Taken in the context of everything that was said my figures are more valid than yours. After all, you initially said: And you don't even bother to think about my statement - having a market neutral* hedge, not betting the house on even or odd.* Nothing was said about going 2/3 long 1/3 short. "Market neutral" would suggest 50-50....long vs short. The real point I/S is that shorting GUMM was a bad bet. You didn't have enough information. You listened to someone who let his ego run wild and tried to compare GUMM with ZONA. Interestingly you would have done far better with AOL as your short position and that would have really been more "market neutral". One more point, the tech market is becoming more dicey each day....While all stocks are vulnerable to some correction, the revenue growth rate in most of these companies is slowing. This is particularly disconcerting in a rising interest rate market. GUMM's revenues, on the other hand, are exploding and my bet is that the stock will go higher in the intermediate and much higher in the long term. VPHM has done a nice job cultivating expectation but there is only one product on the market. Furthermore, I like GUMM's chances to win the "cold battle" even "if" Pleconaril eventually comes to market. As nicotine cessation products ship, being short will be tantamount to financial suicide.

To: RockyBalboa who wrote (2062)	1/29/2000 10:53:00 PM
From: Mike M	Read Replies (1) \| Respond to of 5582

Yes... If I compare them percentage wise then I compare an equal dollar amount of GUMM with YHOO, CMGI etc. GUMM is up 121% ($26.5 / $12) YHOO is up 205% ($351 / $115) CMGI is up 228% ($118 / $36) you forgot the stock split (2-1) Hey InfoStream, two down and one to go. And you even got to pick the stocks after the fact...only the facts continue to evolve. Here's an update: siliconinvestor.com market neutral hedges aren't all they're cracked up to be! WHOOOSH! P.S. The trend doesn't seem to be your friend.