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

To: Mad2 who wrote (2547)4/30/2000 10:13:00 PM
From: Mike M  Read Replies (2) | Respond to of 5582
 
Could be. I began boxing my position in the 20's and have continued most recently in the mid teens. Recently have begun to close out the short side. I suspect others have done similarly.

I am encouraged by the fact that the selling is drying up. The stock is hardly a very attractive short under 10. Diminishing volume in a correction is certainly not a negative. Should the volume pick up were the stock to rise I would also consider that a technical positive.

GUMM may be reeling but no knock out punch yet!



To: Mad2 who wrote (2547)5/1/2000 12:19:00 PM
From: Hank  Respond to of 5582
 
Mikey boxed his POSition? Yeah, right. Curiously, he only now claims to have boxed after reading my post on the Yahoo thread describing how I did that on the ride up.

Shares were, and still are, damn scarce ever since the initial rise above 20. I doubt like hell he had the chance to box much of anything. We need to see a short cover rally before enough enough certificates get shaken loose to allow the establishment of another short position of any size.


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