bad earnings out negative growth dont wait, page-6

Pheenom,

It is of little use following a share unless you can see somewhere how to make a profit from it.

May I suggest a strategy for you to make money, based on your convictions.

SHORT SELL SRX................. at current price $4.86

You then wait for them to go to your predicted price of $2.50 and buy them back

Someone like Hunter Hall may be interested in " lending " you the the shares for a fee.
Certainally worth a phone call.

Ill even help you with the sums:

Short say ...........100,000 shares @ $4.86

Wait a while while they go down.

Then buy them back at you predicted price. $2.50

Gross profit $236000

From this deduct:

1/Brokerage

2/Fees paid to Hunter Hall for lending you the shares.
(not sure about the cost of this, but try for around 25 to 30cents/share)

3/Pay the dudes who bought the shares you sold the 7 cents/share divy currently due ...(total $7000)

Should leave you around a cool $200,000 profit.


On the other hand !!!!!!!!!!!