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Biotech / Medical : The Stock for 1999(Polymedica)PLMD(Medical Supply Co.) -- Ignore unavailable to you. Want to Upgrade?

To: Ben Wa who wrote (3299)	6/25/2001 11:08:57 PM
From: Apakhabar	Read Replies (1) \| Respond to of 3414

You can short PLMD if your broker can find shares. At my firm PLMD is restricted meaning it is not shortable until I ask for shares to be found, and I have to ask this every day I want to short it (since I never hold positions overnight. If I held the short overnight I obviously wouldn't have to ask for shares to be found). I've never asked for shares not not found them, but I think I've been limited to 1000 shares for shorting (I've never shorted more than 600 at a time). As I have always said PLMD is a wonderful trading stock if you have the time and platform to do it. The large short interest creates extra volatility. Squeezes and bear raids are the norm. The only time I've held a position overnight recently was when the stock got halted in March and I was long 600 shares. (Lucky me as that halt turned a fair-sized loss into a big gain that next Monday.) The overall trend is most likely up since the company kills its category and has demographics on its side. But I wouldn't just jump in and buy the stock blindly at 35 unless you truly had a long-term outlook and do not mind if the stock loses 40% in one of its normal fluctuations. I don't like the idea of holding the stock short long-term, but there obviously are pros who disagree with me as evidenced by the huge short position. Good luck.