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Biotech / Medical : MTEN - expected 1000% revenue increase in 97
MTEN 2.650+3.9%9:35 AM EST

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To: Tom Hofmann who wrote (156)7/18/1997 1:33:00 PM
From: Ron Bower   of 279
 
Tom & Robin,

AS we seem to be the only ones still willing to dis- cuss it.

A few thoughts-
MTEN was driven down to, what?, 8.5 cents. I say driven down because I can't see any other reason for it to fall like it did. I still suspicion that someone is making a market in this stock. The only other explanation for the run-up of the last two days would be someone, perhaps Insiders, acquiring. There have been days when no shares were traded, then we see two consecutive days of over 300K shares and it looks like today may be another one. Suppose the selloff this morning is to pressure others to unload, then jump in and buy everything up. It wouldn't take much money. $150K would buy all of the shares traded the last two days. Imagine what $500K could do if you ought a bunch up to .50 then sold a little at .25, then jumped back in and bought everything that came on market below .5. There's a lot of people out there that would like to unload, some actually making a profit below the .50 level.

Just conjecture. If it starts back up this afternoon or tommorrow morning....

Ron
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