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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: wgh613 who wrote (42273)3/20/2002 2:46:15 PM
From: Alex MG  Respond to of 99280
 
Wasn't that one an "easy short at $10"... ;^)



To: wgh613 who wrote (42273)3/20/2002 2:55:35 PM
From: Zeev Hed  Read Replies (3) | Respond to of 99280
 
You probably want to wait until the selling on this news starts, it is still a floorless, and they use these kind of releases to lay out the shorts, IMTO. They have to draw on the floorless equity line. That the product is effective, there was no question (it is sold in South Africa), so that news, IMTO, is part of the hype and I believe the situation has not changed. Since I don't short, I can't give you more advice than that, except to say that the $14 to $14.25 should serve as very strong resistance.

Zeev