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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: mesaone who wrote (1113)9/17/1998 8:00:00 PM
From: Saul H Rosenthal  Read Replies (1) of 1432
 
People wonder why it is up. Several reasons. It is getting close to time for approval, no one expects it to not be approved, there is more and more trouble with albumin (which increases BTIM's market), Baxter's product dropped out (even though it is not strictly a competitor), mutual funds are starting to get interested, BTIM is about to file for approval in Europe too, there is NO bad news and there is a huge position short that can't be covered without pushing the price up 10-15 points, the shorts are playing chicken with each other because they all can't fit through the door at once. It is a classic set-up!
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