NEOTHERAPEUTICS (NEOT) (NEOTW) Message Board

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Microcap & Penny Stocks : NEOTHERAPEUTICS (NEOT) (NEOTW)

NEOT 1.919

+4.3%

Jan 17 4:00 PM EST

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To: David M. Evans who wrote (271)	5/11/1998 5:54:00 PM
From: Marty	Read Replies (2) of 705

Now we have four reasons why the stock went up last week. The last being that there was buying in anticipation of the phase II testing of AIT-082. The fact that the stock went down a half today is more evidence that the market, at least insofar as these less well known stocks are concerned, doesn't move up instantly on good news or down right away on bad news ... or no news. It takes a while to act. At first I thought that those who knew about the announcement and bought in anticipation of a move were disappointed and sold today. Then I took a look at the trading log and saw that there were 103 trades during the day above the 10 1/2 closing figure and only 17 trades at or below 10 1/2. So I guess you could conclude that there really was buying on balance during the day. All in all, It's great that their drug is actually in phase II testing finally and the day when the drug is approved and on the market is that much closer.

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