ENZON, Inc. - New Chairman Message Board

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Biotech / Medical : ENZON, Inc. - New Chairman

ENZN 0.0400

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Nov 7 9:30 AM EST

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To: LLCF who wrote (36)	10/16/1997 10:11:00 PM
From: ocerg	of 96

There were several blocks of 10,000+ and 20,000+ shares an 1/8 or so less that the high at the time. The high at the time being caused by several under 1,000 share trades. The "smart" buyers where getting their price and not chasing the stock. The day ended with 3 10,000 share blocks at 6 11/16 the previous trades ranging from 6 3/4 to 6 7/8 from about about 3:30 all in small lots . If the 10,000 block trades were sellers, I'm guessing that the MM would have backed off an 1/8 or so to take them, especially at the end of the trading day. You make a good point, it could very well be institutional buyers coming into the stock. Also, the stock is now marginable (over $5).

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