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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Druss who wrote (2977)2/13/1998 10:36:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 18691
 
Short Biotime (BTIM) at 16 7/8.

Scary biotech stock. Was pumped...dumped, and now that's it taken a rebound on the backs of a fresh batch of suckers it is ripe to short again.

The stock is manipulated, and people associated with the company have been actively engaged in fraudulent misrepresentation, so be careful - but I seriously doubt the stock will continue to climb much further (if at all).

Asensio took a shot at this one a while back. I spent some time researching the story and it is a "no brainer" short.



To: Druss who wrote (2977)2/13/1998 11:07:00 PM
From: Israel  Respond to of 18691
 
Thank you all for taking the time to respond to my request. Its much appreciated.
I am looking at doing some paper trading using short positions as a contrary indicator.
In light of the continuing "bull market" and increasingly frequent short covering rallies, I
think this might just pay off.

Once again, thank you all for your help.

Happy Trading,
Israel


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