IMAT - ultrafast tomography for coronary artery disease Message Board

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Biotech / Medical : IMAT - ultrafast tomography for coronary artery disease

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To: Angel Medina who wrote (2483)	5/21/1998 12:59:00 PM
From: Bruce Rozenblit	Read Replies (1) of 3725

They already own the stock. If you own 2 million shares of stock that you bought really cheap and lets say the stock trades an average of 50,000 shares a day. Its is peanuts for you to start buying 10,000 share lots to try and spark a momentum rally. They can start rumors to fuel the rally. Once it gets going and yes the market makers have great fun widening the spreads, unsuspecting "investors" see the thing start to move and jump in. Then when the price is high enough, the dumping starts. Sometimes these private placements are made through off shore investment companies that care nothing about the stock, they just put up capitol to make a fast buck. My point is, the stock market, particularly the Nasdaq is not a fairy land where nothing bad ever happens all participants are totally honest, goody two shoes boy scouts. I have been burned before and am just urging caution during periods when a private placement is unwinding because you never know if someone is pulling some strings. If some news or information comes out to justify the current rally, then great! I'll trust it more. Until the 16 million shares are cleared, I am cautious.

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