SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : PLC Systems -- Ignore unavailable to you. Want to Upgrade?


To: Doug Prager who wrote (845)5/4/1998 1:21:00 PM
From: TC5187  Read Replies (2) | Respond to of 1202
 
Don't let the shorts frustrate you. They will be covering soon and PLC will begin to move to a fair level.

What we are seeing is the normal "buy on rumor sell on news" selling,
made worse by heavy short selling and a fair dose of panic selling as icing on the cake.

Shorts will be covering soon and moving on. This uptick will curb the panic selling, and hopefully we get some big bargain hunting institutionals as well.

Not an unusual situation. Smart investors make money on this opportunity, ones with weak stomachs give in and sell at the absolute worst time.