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Gold/Mining/Energy : TM Bioscience Corp. tmc.v
TMC 6.820-10.5%Dec 26 9:30 AM EST

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To: czar64 who wrote (126)1/22/2000 10:24:00 AM
From: Norm Gardner  Read Replies (1) of 137
 
The volume has been >500K per day for the last week or more. IMO there are institutions buying up this stock because the order quantities are just too big for your average retail investor. Yorkton seems to be the biggest buyer. This is the case of the stock moving from weak hands to strong hands; i.e. retail to institution.

There is obviously something brewing at TM as the insitutions wouldn't be buying all this stock. They know something is up. Possibly they are purchasing it for one of the companies that TM is dealing with and that company wants to take a position in TM to assure the cooperation and support of TM management in future dealings. Hopefully this will all play out in the next few months.

A friend of mine called me on Thursday and he sold his TM stock at $0.41 and 2 hours later it was $0.60. He had held the stock for over 3 years and was really pissed. Well it closed at $0.75 on Friday. Lets all hope some of the deals come through and TM gets the valuations the some of the US Bios are getting. We would then be all happy campers.
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