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Biotech / Medical : Matrix Pharmaceutical (MATX) -- Ignore unavailable to you. Want to Upgrade?

To: Dorine Essey who wrote (196)	5/13/1999 9:31:00 PM
From: AD	Read Replies (1) \| Respond to of 240

Dorine, great job not chasing this one!!! Do you ever short sell stocks? That was the easy money today. I shorted just after the open , at 8 1/4 and if I were really smart would have shorted more in the 9's. These hyper spikes on biotech stocks generally drop as fast as they pop. Look at the charts for ENMD DRMD GERN, they all spike on hot news and then reality sets in. People who have been in for a while sell, and people who get snookered into buying too high in the morning dump it when they see the stock dropping fast. Once you learn the pattern, it will become second nature. Today I never considered buying when I saw the huge pre market gap. Cheers