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Biotech / Medical : Techniclone (TCLN)
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To: john dixon who wrote (1146)1/24/1998 11:21:00 AM
From: shero  Read Replies (1) of 3702
 
Thank you for pointing out the importance of Taylor and Epstein to the company. We are all connected to TCLN in the same way. Like you, I don't believe they would be involved in anything crooked. In fact I used that very same arguement with Celeryroot back, I think in June or July but I'm not going to spend the time to find it.

For 15 years I have watched and defended this mgmt and the company. I must say that since the time this summer that the insiders bought stock their actions have been unlike those in any period of the companys' history. Just read any of my post before August. I don't know what changed. Maybe it was because the stock went over $7 and mgmt got too cocky. Its a curious thing to watch grown adults continually take actions that hurt themselves financially. Its an unfortunate consequence that the shareholders have been hurt too. And its tragic when people don't learn from their mistakes but keep making the same ones over and over. Well, its easy to see in hindsight.

Did anyone watch the trading action yesterday. Volume was about 260,000. Obviously someone has a large position to sell. Whether it is a group of people trying to keep the stock down, or a large holder who has just given up is a matter of opinion and I'm trying to stay away from that conversation. Our speculation doesn't change things and one day we'll know. But at about 2:30 only 80,000 shares had traded. In the last 1 1/2 hours 160,000 traded, mostly at the offer--that means buyers. Am I the only one who wonders who is willing to buy all this stock? I'm much more interested in knowing who is buying than who is selling.

Do you guys realize that if LYM-1 is approved then the market cap of this company is less the the sales of that drug alone? Its like they just put you favorite sports car on sale at a 70% discount. The only question is will it go lower before it goes up?
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