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


To: Sir Auric Goldfinger who wrote (4173)11/14/2002 9:07:13 AM
From: DanZ  Read Replies (1) | Respond to of 5582
 
DFA has held MTXX for a long time. Their position hasn't changed much over the years so there's no reason to discuss them. I don't know if Barclays and US Bancorp bought MTXX to fill an index fund or if they researched the company as a result of recent efforts to publicize the company's results and prospects. I would prefer if these two funds bought MTXX as a result of research and their belief that the stock is a good investment, but even if they bought it for the reason that you cite, buying is buying is buying regardless why it occurs. Barclays may have bought the stock for an I share fund, but I don't think that US Bancorp did. I might be wrong but it doesn't matter. Are any more I share funds going to buy MTXX? Do you think that C&A's effort to put the company's results and prospects in front of potential investors will be successful? I do.

I'm sure that I don't have to tell you that stock prices are driven by supply and demand. If there's more supply than demand, the price goes down. If there's more demand than supply, the price goes up. If the supply and demand are in balance, the stock is flatlined. Since the price of MTXX has traded in a narrow range for months, it seems obvious that the supply and demand are in balance at the current time. That says a lot about the strength of the stock because it occurred during one of the worst bear markets in recent history. There's no reason to think that the supply will exceed the demand at the beginning of the cold season, with five new products shipping, with a profitable quarter behind us, and expected profitable year ahead, not to mention that the market climate appears to becoming more favorable for longs. What is your reason for shorting this stock? Does spite come to mind?