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Biotech / Medical : Matritech (NASDAQ - NMPS)

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To: The Vet who wrote (598)4/10/1998 12:44:00 PM
From: William J. Leiby   of 849
 
Vet: Not to be flip, cuz I understand, but I kinda agree with Wesley. Your beef might be with your broker. However, I am sure you've read the articles in Forbes and Barrons on some of these practices by the MM's on the Nasdaq.

There are people eminently more qualified than I on trading (undoubtedly you and others on this board) and I not going to tell you anything you don't already know...

There hasn't been any trading volume on this stock. When some investor (not some other MM or institution) comes along and puts a bid in between bid and ask for that many shares in a stock where the liquidity is sorta drying up there is a very good possibility the MM's will raise the bar. Also note this stock is, paradoxically, under accumulation - - don't take my word for it, IBD is also reporting it that way - - and this situation is not lost on the MM's.

Its hard to say what happened just before the close but it might have been some institution or many investors trying to unload a bunch at the close.

Look for my email to you with some other info that I might be able to provide.

Regards, Bill
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