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Biotech / Medical : Somatogen (SMTG)
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To: John J H Kim who wrote (379)2/6/1998 11:32:00 AM
From: John Howell  Read Replies (2) of 442
 
Yesterdays trade volume and runup in price is at worst an intermediate bullish signal. Regardless of the underlying reason for the movement, one can assume that some trader(s) thinks the stock is a good buy at this level.

As far as the SEC goes, I doubt that they would be interested. One million shares of a six dollar stock isn't going to set off too many alarms. In the event it is one person moving the stock, the SEC would have to prove that inside info was available to them. Otherwise, anyone that has enough money to trade large blocks can certainly afford enough legal expertise to conjure up technical reasons for buying any stock.
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