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Strategies & Market Trends : Three Amigos Stock Thread

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To: LAWRENCE C. who wrote (21613)	10/26/2000 12:20:25 AM
From: Ken W	Read Replies (1) of 29382

Larry: SNAP: This is going to sound kind of conspiratory, but...The MP report for Sept. showed that there where 31 firms making a market in SNAP's stock. PRU was one of those firms. As of yesterday there were 10 firms making a market in the stock. PRU and H & Q were the two largest firms...IMO the stock is being held up by those two until they deplete inventory, then down she goes. Notice that each day about 2pm there is a 10 to 12k share report at 6 1/2 on the sell side. Today's news release was something of a foopa as it is #1 old news, and #2 related to clinical trials that "may" begin in 2002. The company has yet to develop one drug from all of their research after 12 years of trying. Oh they did have one, but it was abandoned in Phase I. Just a matter of time. Ken

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