ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH Message Board

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Biotech / Medical : ASTM-AASTROM BIOSCIENCES: STEM CELL RESEARCH

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To: Fred Puppet who wrote (19)	11/21/1997 6:52:00 PM
From: The Prudent Investor	Read Replies (1) of 1084

Message from Fred Puppet on Sep 25 1997 10:05PM EST [ Comments on Brokers and ASTM ] Regarding ASTM: There are many shareholders who bought around $7. They have been down as much as 40%, and have been wishing they could break even. When the 2 day 100% jump came, it was like a wonderful dream and they were waiting for the dream to continue. I think that on Friday they will decide to sell for breakeven, rather than invest in dreams. Once it goes under $7, they will hesitate. However, there is another large group of shareholders who bought at $4. These people will hold their optimism a bit longer because they have made serious money, but are now seeing that paper profit erode. I think that over the weekend it will hit them that the stock is going down, not further up. Anyone who bought at $4 only a few weeks ago will probably decide they are happy to sell at $6. So, I'm expecting the selling to push the price under $6 on Monday. Greetings Fred! Looks like you hit the nail on the head in your September 25 commentary. Care to make an analysis again? I noticed from your post on WebStreet thread that you shorted ASTM today @ $8. Are you still short? I went short again at the close @ $7.75. I am not familiar with the company so your info will be appreciated. Thanks and have a great weekend!

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