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Non-Tech : 100% + Gain, in 72 Hours or Less -- Ignore unavailable to you. Want to Upgrade?

To: Louis Riley who wrote (56)	12/3/1997 1:38:00 PM
From: Louis Riley	Read Replies (3) \| Respond to of 1488

One last VIFL. Made a killing on the short. From briefing.com (you guys really ought to subscribe if you focus on story stocks - all the other tulip traders do): 10:40 ET ****** FOOD TECHNOLOGY SERVICES (VIFL) 9 5/32 -2 17/32. Remember Saf-T-Lock (LOCK 2 7/8 -1/16), the stock that two months ago rose more than 1000% in a matter of days on news the gun manufacturing industry had agreed to put safety locks on the majority of handguns produced for sale in the U.S. Well, Food Tech is a similar story. Yesterday, the shares rose more than 100% after the FDA approved irradiation of red meat as a means to kill harmful bacteria such as E. Coli and Salmonella. Similar to Saf-T-Lock, Food Tech has been in its business for years and has failed to make any money. Despite both companies' enemic revenues, mounting red ink, and lack of meaningful contracts, investors took huge positions in these stocks. Those informed investors/traders who boarded the planes early -- before the news was widely disseminated -- were rewarded handsomely. It's the late-comer that usually gets stuck holding the bag in these situations. For those who purchased shares this morning, there is little, if any, chance you'll ever make it back to breakeven; after all what else is left to drive the stock. Unless Food Tech announces a major contract (which is not likely -- who wants to ship their products all the way to Florida when they can just set up a unit within their own plant), these shares have no where to go but down. If you were able to short, which most people weren't because of the lack of shares, congratulations. If not, don't fret. There will be numerous more opportunities to short such dogs.