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Biotech / Medical : Spine-Tech (SPYN)
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To: .com who wrote (57)9/12/1996 10:50:00 AM
From: Bruce Payne   of 242
 
Scott, I believe you are right about the stock being manipulated. I am a fundamental investor and don't pay much attention to the intraday activity therfore I am not very sharp on the intacacies of the market makers. To me, high spreads are a sign of manipulation. I can only postulate that the MM are trying to run the price down in the anticipation of FDA approval (just my opinion- not worth much to anyone but me!). I any event, w/ a float of 8MM, this doesn't appear very significant. Keep up the good vigilance ;-)
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