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Biotech / Medical : Spine-Tech (SPYN)
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To: Bruce Payne who wrote (58)9/19/1996 2:07:00 PM
From: .com   of 242
 
Stock had been trading pretty normally lately until yesterday. By 2:00, 50,000 shares had been traded. At 4:00 a total of 260,000 shares total had been traded with a sudden 2 point increase. Many large trading blocks (10,000 to 40,000 on the buy side).

I was hoping it was a sign that they received FDA approval but the company still says they are waiting. They claim that the analysts think it will happen by the end of this month because the FDA tries to push through alot of approvals by Sept. 31, the end of their fiscal year (they need to show results and data on approvals to congress based on the federal fiscal year).

I am curious to see how the stock behaves between now (2:00) and 4:00 today.
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