Alfacell (ACEL) Message Board

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Biotech / Medical : Alfacell (ACEL)

ACEL 11.51

-0.1%

Jan 12 3:59 PM EST

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To: John Jenco who wrote (1439)	7/14/1998 1:28:00 PM
From: Tom Scozzafava	Read Replies (1) of 1533

John, I personally believe that Aries is 'dumping' shares. (I mean, they've dumped 104,600 shares from May 18 to June 25 at an average price of $3.40 ... Why would you think they've had a change of heart?) And as far as short positions go, don't be surprised if the number of shorts has gone down. Reason: the MMs are covering their shorts with shares that Aries is dumping (and the MMs KNEW he'd dump .... hence their selling short into the "rally" all the way up to $4.50 per share. Of course, the "rally" was probably the result of Aries people hyping the stock so they could begin unloading.) Kind of spiffy: Aries and MMs make money on other sucker investors. And if I'm correct, there is no big "accumulator" of stock down here as some people are hoping (hyping?) is the case. Anybody get that short position listing lately? Any word with the "data"? That top secret info.

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