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Biotech / Medical : Alteon (ALT)
ALT 5.500+2.2%Jan 23 9:30 AM EST

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To: kenneth wanta who wrote (175)12/6/1997 4:43:00 PM
From: Lucky  Read Replies (2) of 318
 
Noticed many large blocks changing hands last two days.Smart players were using the news as their opportunity to exit with a nice profit for the year.For those holding out for more,don't hold your breath.News fron thursday is fast becoming history and most of the buying off of it has passed us by.
Only ones buying at these prices are scared shorts or late suckers (no offense intended,as these are the people us shorts make our living from).
In the long run investors here will likely do well.But for now this stock has only one way to go.DOWN!!!The buyers here are near done and as current shareholders realize that we have topped out there will be the usual rush for the exit to lock up those profits.
Current shareholders who wish to stay long for a while will do best selling their stock monday and buying it back 15-20% cheaper a week
later.First out the door gets the best price.
Lucky
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