Biotime-Nasdaq's best kept secret? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Biotime-Nasdaq's best kept secret?

BTIM 0.0001000

0.0%

Nov 13 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Alastair McIntosh who wrote (893)	4/30/1998 11:35:00 PM
From: Jim Roof	Read Replies (1) of 1432

What I saw prior to yesterday's onslaught was increasing volume on the rallies and decreasing volume on the selloff's. These are bullish signals that signify accumulation - even in an overall decline. Yesterday concerns me but the intraday low seems artificial to me. What I mean is... the 100k block that traded just before the open looks to be the only trade below 9. The bulk of the day's trading actually resulted in gains from the open to around 10 there it generally held today. I may be emotionally clouded here and I would be the first to admit it but here is why I am holding. I see a stock that has basically returned to the same levels that it was at about a year ago when Alan Ableson at Barron's was trashing BTIM (very unfairly at that). I see a stock that surprised many by rocketing to a 200% paper gain from those levels and many of those earlier investors surely regretted cashing out prematurely. My guess is that many of these same people may see BTIM as a good buy now. A basic tendency in TA is for large areas of resistance (where BTIM seemed to have a ceiling about a year or so ago at pre-split 30) to become support down the road (now around 10). At the very least there should be serious congestion in this area. The thing that concerns me the most is the lack of knowledge and unsure fundamental footing that Hextend seems to present. Data shows me that it is a superior product but many seem willing to ascribe to Hextend the same weaknesses that are associated with Hespan. One medical worker recently posted here how difficult it would be to sell Hextend to the profession but his premise was based on bad experiences with Hespan. These things make for a wide range of interpretation. My fundamental outlook is summed up thusly. Abbott invested 3M in BTIM. This is small change for them but they are professionals and 3M just doesn't slide through the cracks without some good reason. If the company is a sham then the insiders are being just as foolish as we who are long are. If BTIM is in the business to bilk money out of the investment community then what the insiders did would be the equivalent of donning masks, brandishing AK-47's and then promptly forgetting to ask the tellers to put the money in the sack. Ie., if Asensio is right then he is hard pressed to explain the lack of selling by insiders during the 'pumping up' of the stock. In stock frauds the insiders sell to great advantage while the public is suckered. There has been no selling by company insiders. That to me is very significant. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next