NTEG- Bloodless Glucose Monitor Message Board

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Biotech / Medical : NTEG- Bloodless Glucose Monitor

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To: Steve Hudson who wrote (155)	6/19/1998 9:47:00 PM
From: Steve Hudson	of 176

FWIW, here's a quick interpretation of the price action today. Throughout the morning, NTEG was well-bid and someone was buying above the bid. The Trading action was generally positive and the bid-ask was moving up as volume reached about 30,000. Then, with the last buy at 3, someone placed a block of about 45,000 at 2 1/2, which was then re-sold at 9/16. (It looked like the trade wasn't shopped since the market makers hadn't lowered their bids (and in fact, had just raised them). At that point, I think, all the people who had placed stop losses at 2 5/8 were hit as the market makers just dropped their bids to nothing and took in the inventory. After that, NTEG drifted back to the block trade spread. Steve

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