SAFS (Safescience, Inc.) formerly IGGI. Hot Potential Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : SAFS (Safescience, Inc.) formerly IGGI. Hot Potential

SAFS 0.0001000

0.0%

Oct 31 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Daniel Levin who wrote (83)	4/21/1999 9:20:00 PM
From: michael katz	of 110

Dan you are clearly correct in your interpretation of the buy on rumor... I believe you are correct also that wider exposure will take us back up rather quickly. MM's are looking for our shares- note the spread. Vacuuming up cheap shares on limit sells. During the day saw a bid 13 1/4 and ask 14 - a classic MM maneuver. Contrast with last weeks 1/8 - 1/4 pt. spreads. If the MMs didn't want the shares for their very own the spread would be lower and they would earn their cash on volume. My experience has been when the spread widens it is neither an ideal time to buy or sell. Let the weak hands fold, this company has products which, if proven to be as effective in humans as in animals, could rocket this stock like ENMDs run last year. Newsletters and short term ups and downs notwithstanding, for me this is not a trading stock. One day 20 - 30 % gains may pale in the face of a day of a major announcement. I for one don't want to have sold my shares the day before for a small gain.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next