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Biotech / Medical : Neotherapuetics possibly has a breakthrough drug - NEOT
NEOT 1.919+4.3%Jan 17 4:00 PM EST

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To: Marty who wrote (20)9/28/1999 9:06:00 PM
From: Marty  Read Replies (2) of 204
 
It's hard to believe that NEOTW went down today a full half point, almost 11%, on 400 warrants volume. That is $1,600 total value for all the volume for the warrants today and they took it down a full half point!

Does anyone else consider this an outrage? Does it mean that there is so little interest in the warrants ( and it's the same situation with the stock) that they can't get enough market makers to get a fair market? Does it mean that they do have enough market makers in the stock but that the market makers take advantage of their position and don't care who sees it? Or is it the market makers have so many warrants on hand already that they are unwilling to buy even 400 more unless they can get them for 11% less than the last trade? Was there such a deluge of sell orders on the warrants that they couldn't afford to take a chance unless they got a big, big, discount on these trades?

The way I figure it, the warrants are a better bet than the stock if the drug ever gets to market. BUT if it is going to be such a capricious market or you get raped if you want to sell even 400 hundred warrants ... what's the sense of it?

One of the last assurances you have with this stock is that if you buy it you think you can sell it some day close to the market price. If that isn't true, what's left?
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