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Biotech / Medical : Biotime-Nasdaq's best kept secret?
BTIM 0.00010000.0%Nov 7 9:30 AM EST

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To: Jim Roof who wrote (1109)9/16/1998 1:15:00 PM
From: mesaone   of 1432
 
an informed investor who knows how to read the charts..

anyone willing to sell at 8 1/2 is evidently out.. those mid term folks will be glad to come back on the next short assault. one intersting trade of 10.4k below the bid..... shorts who sense pain coming will be trying to double down with more shorting to break momentum if we let them. day traders moved today on the bax news. steady longs will remember a couple weeks ago reference to a room of rollers who would work btim up to near 10. i said at that time if they did, i know of other rooms that could take it from there..
today we are having an example of a news related change in demand. longtimers know, as has been pointed out here, this was not really news for us. new readers saw monday's discussion of how far biopure is from even pretending to be in this. check mesa's site for good info on the next "news" as people realize the mkt for albumen is going to shrink,and a subsitute must be found.

the real issue for longs is supply. control the supply. don't sell for less than u want, don't let short shrills cloud the issues, and don't let shares be loaned. u can sell from a cash account as fast as from margin. u can sell certs as fast as from margin. u can buy as fast into either one. today looks like a nice time to do it.take it to the street.

inch.com
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