CV Therapeutics is a very interesting company and I am long. I think that the Cantor Fitzgerald $36 price target is very realistic. But, I don't trust Cramer and I usually make money by shorting biotech stocks just after he pushes them (I made a fortune shorting Nitromed after he pushed it on his viewers). I am hoping he is right this time. The stock is unduly heavily shorted right now and I now figure that he has some hedge funds who set him up for this to try to generate a short squeeze on the stock (40% of the float is short). I don't necessarily like being on the same side of a biotech trade as Cramer, but if the company's drugs prove to be anything close to their potential, this will turn from a short squeeze to a real long-term run.

 

Submitted: Jun 20, 2007    Views: 285    Comments: 0    Likes: 6   


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