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Biotech / Medical : AMLN (DIABETES DRUGS)

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To: D.Right who wrote (1137)2/24/1998 1:07:00 PM
From: Harry Ehrlich  Read Replies (2) of 2173
 
That was a lot of weakness we just saw. At one point, the bid was 50,000 at 5 1/16 and it disappeared instantly, dropping to 5 1/32. The blocks were just flying by.

The bleeding seems to have stopped (hopefully). We are back to 5 x 5 1/16 (3000 x 1000).

My feeling is that an institutional holder or large trader decided to decrease his position. I don't think the Zacks analyst ratings carry this much strength.

Let's see how we end out the day.

Harry
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