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Biotech / Medical : Micrologix biotech

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To: Pete who wrote (572)	9/14/1999 12:34:00 PM
From: Carter Berezay	Read Replies (1) of 792

Pete, if you re-look at the Globe's Saturday short listings you'll see that the 100,000 short share took place between August 15 and August 31, 1999. From the charts I would surmise the investor that dumped approximately 348,000 on the market approximately August 18/99 was dumping a 248,000 share block and then shorted another 100,000 shares on top of that. Thought they could make money from the short side. I recall the BIG trade changed hands at $2.15/share. I have no idea who crossed that BIG trade. Nesbitt was the biggest buyer yesterday and on other days it has been Yorkton on the buy side. There has been a bottom feeder for at least 3 weeks. They started with a 10,000 share bid at $2.53/share. It was always there. I suspect it was a fund company trying to scoop a position. Now they're having to pay up! As I said I don't know for nothing who the shorter is (or was). Everyone has their own ideas as to where MBI is headed. Since the BIG trade MBI shares have gone up about a $1.00 (46%). To the doubters I say "Checkmate!" Carter B.

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