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Biotech / Medical : CuraGen (CRGN) -- Ignore unavailable to you. Want to Upgrade?

To: CoffeePot who wrote (48)	11/18/1998 7:51:00 PM
From: Terp	Read Replies (1) \| Respond to of 478

I read a doctor's comments on this announcement and he said this is great news and the keys to unlock the secrets to many diseases through genetics. Said this company is alot closer to providing something to help humanity than a GERN is....

To: CoffeePot who wrote (48)	11/18/1998 8:38:00 PM
From: ahhaha	Respond to of 478

The question for you is how to play it. If you're substantially short, you had to cover plenty today, just as a defensive ploy, since you didn't know what was going on. Sound like a good reason for all that trading activity today? You have to judge how good of a short was CRGN before the news. If it was very good, you know a lot of guys blew out today. However with the FED pumping a short in anything is a poor choice.Pumping has caused selling to dry up and CRGN has put in rising bottoms and has broken through the major down trend. Something else might be going on here that is being smoke screened by this idiot's news item. In any event I suggest you trap out in this way: Book to buy your entire position at 7 1/2 tonight. Don't spread the limit. If you get a sell off in the morning and don't get picked up, you gotta get aggressive and buy market in no more than two pieces. One thing you shouldn't do and that is to fundamentally rationalize why this company is a dog and end up sitting on your hands. You've lost this one. Doesn't matter if the stock goes up a bit and plunges to 2. When you're operating on the short side, you have to cut and run. Believe my 30 years and 15,000 trades of hard experience. Another thing, if you get out and then it collapses, don't start thinking in terms that you made the wrong move. Wrong. Right now the right move is to get out. If the shares take a short covering idiot's rise to 16, what does that do for your account? I wouldn't want to compute it.