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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product -- Ignore unavailable to you. Want to Upgrade?

To: Judith Weintraub who wrote (513)12/31/1997 2:21:00 PM
From: taxikid  Respond to of 1837
 
true.. but it isn't the short sellers that push the price down, it is the lack of buying that pushed drmd and many stocks down, short selling puts a sort of temporary cap on how high the price will go short term.. the short selling, if they are premature, precipitate a squeeze and then a surge in price unwarranted by ta or fa, which is why short interest is perceived as bullish by many people.This also causes a whipsaw price that can fool a lot of people. see ddim/zitl charts for the mid spring..
regards
taxi



To: Judith Weintraub who wrote (513)12/31/1997 2:22:00 PM
From: Instock  Respond to of 1837
 
Judith: I am sorry. Anyway... What I was saying about Daytraders Shorting DRMD is just that. Daytraders. Today and Friday, maybe even monday depending on todays and Fridays action.
I would not see DRMD as a long term Short by any means!!!!
Short term, there is a strong potiential for a profit taking Short selling Combo.

Have a good new year!

Instock


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