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Biotech / Medical : Biotransplant(BTRN)
BTRN 35.57-0.8%Nov 3 4:00 PM EST

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To: tom pope who wrote (1288)4/4/2002 4:55:00 PM
From: Arthur Radley  Read Replies (1) of 1475
 
My speculation only, but today we saw the small retail investor taken out to the "woodshed", frisked, and his money taken by the MM's. IMO the small guy that was invested on margin got their notice yesterday or today that their stock was no longer marginable(most major brokerage houses will not allow you to margin a stock trading below $5.00)and they had to cover. Any smart MM knows how many shares are short and they knew that their would be pressure today on the stock as the investor would be covering their short position by selling into the market...so take this baby down and get the feeding frenzy working in their favor by allowing them to harvest the stock...and now look at the close. MM made a killing today.

With that said...I am dissapointed in the current action in the stock, but I still have great hope for the future...
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