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Biotech / Medical : NTEG- Bloodless Glucose Monitor
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To: Stratajema who wrote (54)10/4/1997 10:10:00 PM
From: Steve Hudson   of 176
 
There may have been some sort covering. After all, why be greedy? I think, though, the market makers first sold out their 4 1/2 positions -- nervously, as the spreads narrowed, and asks were accepted quickly , and then moved it up to 5 before shorts ( or whatever) moved in. It looked to me like the seller(s) of which the marker makers knew were sold out. Of course that does not mean that others won't appear. NTEG is in no man's land and could as easily trade to 3 1/2 bid-4 ask as to 5 3/4 bid- 6 1/4 ask. (Gosh those spreads are a huge percentage and they are important to me; I certainly wish I could buy and sell at such spreads all day. I would risk my capital. ) I think traders and investors should be very alert for thenext several weeks.

Regards,

Steve
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