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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI -- Ignore unavailable to you. Want to Upgrade?


To: vampire who wrote (5101)5/26/1999 5:54:00 PM
From: CatLady  Read Replies (1) | Respond to of 5736
 
"i do find it interesting how the short position keeps rising, and yet so has the stock - hmmmmmm, curious, no?"

Not at all curious, the higher the price, the more compelling short it is. I'd like to see something north of $15 myself. GO CCSI!




To: vampire who wrote (5101)5/26/1999 6:13:00 PM
From: Peter V  Read Replies (1) | Respond to of 5736
 
<<if an event occurs which would make it obvious to the street that this company is worth somewhere north of $20 a share >>

OK, I'll ask. Why do you think this company with 41 employees is worth a market cap over $300 million? ($20 x 15.5 million shares). How many $10 lensettes have to be sold to justify that price? Remember that CCSI is licensing the lensettes, and won't be getting a huge share of that $10, the manufacturer and distributor are sure to take a big cut, then you have all that sales overhead. Say they make $3 per lensette (probably a gross overestimate), that's 100 million lensettes!