IDPH--Positive preliminary results for pivotal trial of ID Message Board

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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID

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To: I. Luttichuys who wrote (155)	12/3/1996 7:45:00 PM
From: Brad C. Dunlap	of 1762

Hi Benntt, in respect to Troster Singer the market maker who has been blasting the bids on the sell side with no regard in attempting to get as high a price as possible. Yesterday was a good example, the stock was moving higher on strong volume and even got a little over 26 bid. Troster could have sold bits and pieces at a time to ensure that their sell order did not lower the price to any great extent. Instead, in the course of less then 5 minutes they dumped approx. 50-70000 shares on the market in total reckless abandon. It appears that they almost wanted the stock to be lower. I have suspected short selling but this has never checked out with the monthly short interest that is reported the 3rd week of the month. Today they were at it again, but it was in much less volume and didin't have any significant effect on the stock. Anyway it sure was nice to see the biotechs due so well in today's mkt. Oh by the way the BCL-2 marker would be a great story for Joe Kernan on CNBC. I have a suspicion that we'll be hearing more about this over the weekend.

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