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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: scaram(o)uche who wrote (772)7/17/1997 2:18:00 PM
From: Chris W.   of 2742
 
To all: what are your takes on the the activity and fluctuations that have happened with CIST of late? My info says that 40,000 shares traded today in 3 trades. Who is doing this? Are these individuals who are trading or are there bigger players taking positions/selling positions in the stock? Also, what is the impact on us small timers of the large (percentage) spread between the bid and the ask? Does it just mean that the market maker is making a disproportionate amount of money on this stock to compensate for its small volume and large risk?

Any info and knowledge you can share would be appreciated.

Chris
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