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Biotech / Medical : Gliatech (GLIA) -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (1436)	3/2/2000 1:00:00 PM
From: LLCF	Read Replies (1) \| Respond to of 2001

<-The huge "uncoverable" short position.> Smoked shorts with capers and onions anyone??? These guys must me BBQing out in the backyard to be short this thing, so they deserve it I suppose. DAK

To: jeffbas who wrote (1436)	3/2/2000 2:44:00 PM
From: biowa	Read Replies (1) \| Respond to of 2001

Jeff, I did start a position this morning, for four reasons: -The value seems good relative to peers. Good. Actually, that one point says alot. Even in a down bio market last year, GLIA was where it is today (actually a little higher). No one has made the rational argument that things are any worse off than then (i.e., sales should return and grow); therefore, the downside should be limited even if the sector resets the clock to last summer. Now, let's see if short-covering, the sector mania and management can give us the upside. biowa