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Biotech / Medical : Biotime-Nasdaq's best kept secret?
BTIM 0.00010000.0%Dec 26 9:30 AM EST

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To: Stephen How who wrote (754)3/24/1998 8:30:00 AM
From: Jim Roof  Read Replies (1) of 1432
 
It would not surprise me if I learned that large short interests were dumping their orders in the system at the end of the day to simply drive the price lower.

I would be careful with a short commitment here for 2 reasons. 1.) The stock is already well off it's highs and has tested this area twice before and it has held and 2.) this area around 10-12 was a spot where less than a year ago many longs sold and missed the big move to the 20's. They may be looking to get back in now. If so then BTIM will rally on long commitments and shorts will also cover.

Jim
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