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Biotech / Medical : CardioTech (CTE) - Arificial Artery Replacements

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To: Steve who wrote ()6/2/1997 9:22:00 PM
From: Riley G   of 57
 
Could be someone is buying PM to gain control of CTE through the back door
After PM spun-off CTE last year, PM still owns a majority stake in CTE. I hear that major interest is starting for CTE products. Someone bought a rather large portion of CTE last month (04-10-1997).
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Cardiotech Intl (CTE) Block Equals 2.8% Of Shrs Out
Last trade NMS: +1/32 at 1 27/32 on 3/32 downtick
Trade vol: 120,500 = 97.1% ttl vol= 2.8% shrs out
Ttl blk vol: 120,500 = 97.1% ttl vol= 2.8% shrs out
Avg blk vol: 3,138 = 42.7% avg daily vol
Ttl vol: 124,100 = 1690.0% avg daily vol
Avg daily vol: 7,343 / Prev day Unch on 200
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CTE price was down today on 9,800 shares, but these were all buys between the Bid and Ask.

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Today PM block.
PolyMedica (PM) Block Equals 3.3% Of Shrs Out

POLYMEDICA INDUSTRIES INC.
Last trade AMEX: Unch at 6 on zero tick
Trade vol: 283,300 = 99.1% ttl vol= 3.3% shrs out
Ttl blk vol: 283,300 = 99.1% ttl vol= 3.3% shrs out
Avg blk vol: 3,523 = 22.7% avg daily vol
Ttl vol: 286,000 = 1846.1% avg daily vol
Avg daily vol: 15,492 / Prev day +1/8 on 28,500
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