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Biotech / Medical : Genzyme Tissue Repair (GZTR) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (2371)	12/17/1998 2:41:00 PM
From: BWAC	Read Replies (2) \| Respond to of 2553

Anybody ever thought of selling short GENZ say 1000 shares at 42 or $42,000. And buying $42,000 worth of GENZL and GZMO which would be about 20,000 shares worth as a hedge against the short? Theory being that if GENZ and GZMO do good then GENZ will but not on as much of a percentage. And same if GENZ does bad it falls, and how much further could the tracking stocks fall below 2? So one could be short 1000 GENZ at 42. And long 10,000 GENZL and long 10,000 GZMO. If GENZL or GZMO sneeze right they could double to $5 and return about $40,000 profit. And GENZ might only move to $50 producing a $8,000 loss for example. Think this is a workable strategy?