|
PureBytes Links
Trading Reference Links
|
To List:
The company has about 12,500,000 shares outstanding and traded 25,000,000 5/4/98.It ran from 12 to 84 and has an average share volume of 65,000 It closed about 51.I think a short any where over 48 will be profitable, the more patient the short trader and the higher it spurts the better.
People who buy on this type of news generally are fidgety.Greater than 100% turnover of outstanding stock is not a good omen unless mutual funds are doing the buying which I doubt.
These are just my opinions and short trading principals.
John
------------------ Reply Separator --------------------
Originally From: Langben <Langben@xxxxxxx>
Subject: Re: ENTREMED
Date: 05/05/98 01:47am
Dear J
True about the fundementals, but when do you put out ypur short?
|