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Biotech / Medical : Biotime-Nasdaq's best kept secret?
BTIM 0.00010000.0%Nov 5 1:26 PM EST

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To: Jim Roof who wrote (1056)7/13/1998 12:36:00 PM
From: Hal  Read Replies (1) of 1432
 
<<I do not know whether it was short-sellers or profit takers who first broke the trend at the top - it does not matter... it was broken.

Likewise, I do not care who it is who breaks the trend at the bottom.>>
The trend at the top was broken by short sellers. As of last week 23% of the shares were short. It matters only if the company survives, because sooner or later they will have to cover. The main short seller is Asensio www.Asensio.com. He is smart, and can stand his short position. This high short interest can drive this stock up when covered, and if the fundamentals are really strong, it will happen. IMHO
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