SI
SI
discoversearch

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 : Biotech vs. Shorts
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: scaram(o)uche who wrote (74)7/28/1999 7:13:00 PM
From: EZLibra  Read Replies (1) of 427
 
Hi Rick, finally you're talking about something I feel well qualified to discuss - marketmakers and trading.

I doubt you can find an organized short on GLIA. Going into today a lot of technical indicators had broken down. Frankly IMO it looked as if a GLIA position was better short than long. When the stock gapped to 21 on the opening it played right into the mm's hands (or trigger fingers and - yes - they are allowed to short naked, short term, because they have to be able to accomodate their contractual corresponding brokers. Didn't you know that NASD is 'self-regulated'?). The mm's simply accomodated market orders by raising the offer until they attracted some sellers and then shorted the rest. Then the quick hitters and day-trippers, not having achieved immediate gratification, started selling and the mm's walked GLIA down (the game's afoot, loose the hounds!). Easy pickin's.

GLIA avalanched from 21 to 20 (mm's always make money - they can lose a 1/4 mill one day and make it up the next) then slowed to 18 where today's gap was filled and the stock began to trade normally. There are still some technical problems but GLIA is firmer now. The fundamentals look great.

A biotech with earnings - amazing! Appreciate all your good work, Rick.

-Davis (long GLIA)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News