Kendle International Inc. (KNDL) Message Board

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Biotech / Medical : Kendle International Inc. (KNDL)

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To: Ryno who wrote (48)	11/23/1999 3:58:00 PM
From: Bilow	Read Replies (1) of 53

Hi Gary Ryno; Nice breakout of a bullish triangle on Friday... INCA has been offering shares most of the day at 8 11/16. My count is about 80K shares. About 75% of the shares this afternoon have been at the ask, and INCA has been steadily refreshing 1000 shares offered. It's sort of traditional for institutions that exit a stock to "turn out the lights" as a last action. That is, once they have sold almost all their shares, they stuff the last 20K into the market and drive the price down. This makes them look like better traders, as they manage to exit at a price higher than the closing price. So I wouldn't be surprised if KNDL is run down at the end of this little consolidation. -- Carl

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