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Biotech / Medical : Gliatech (GLIA)

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To: Mike who wrote (606)2/9/1999 9:28:00 PM
From: Asymmetric   of 2001
 
Blame Ralph Acampora of Prudential

Acampora called for a market correction yesterday and
while the market was slow in responding yesterday, it
responded today in spades on Nasdaq tech stocks and
internuts. The low selling volume on Gliatech, and
small loss at least shows there's not a lot of hot
money, or momentum investors in the stock (yet), nor
does it seem that present holders are nervous enough
to dump their stock in this company into an increasingly
negative market sentiment. I like that when a company's
stock is solid when the rest of the market is reeling
backward. Shows some real strength I think.

Peter.
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