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Biotech / Medical : AMLN (DIABETES DRUGS) -- Ignore unavailable to you. Want to Upgrade?


To: Harry Ehrlich who wrote (1084)2/5/1998 11:33:00 PM
From: The Gambler  Read Replies (2) | Respond to of 2173
 
Harry, there is no dead cat bounce. My guess is that shorts think the drop in the price is over and they decided to cover. Now, this will be interesting, since the downside from here is not as much as the upside. I think someone else said on another thread, that considering the value of the research done, at one point the price erosion will stop due to value of the liquidation(if it ever come to it)will be higher than the stock itself. If this holds true, than investor with long horizon, only, will stay and the price will slowly come back up.

I personally believe their effort will be successful and invest for the long term, so I'm not worried. Unfortunately, I started accumulating a bit too early ~ around 8 bucks ~:(