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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Alan Newman who wrote (3745)5/1/1998 10:51:00 AM
From: Linda Kaplan  Read Replies (2) | Respond to of 7041
 
Good question. To me, it just implies that all the people who have asked where they can get shares to short, now just have to ask their own brokers. I know several people told me they simply couldn't short because their brokers had no shares available. We all know that people have been buying this stock on the Viagra hype, so now there is stock in the hands of normal people who keep shares in their brokerages. I'd guess the shares are more widely distributed now. The people who had lots, sold a lot as it rose, glad to take their profits on a company that has questionable earning potential.

Dauntless, for example, said he'd lightened his position considerably. I think a lot of people did that, and now the shares are more spread out, in the hands of the little people, who keep the shares at their broker, for easy trading.

Several people didn't short before because they couldn't find shares. Now they can short at a higher price. Lucky them!

Linda