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Biotech / Medical : HEB, Hemispherx Biopharma (AMEX)NEW

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To: Bleeker who wrote (317)9/19/1998 2:36:00 PM
From: Marty  Read Replies (1) of 857
 
Insider trading looks ok to me. Nothing recent enough to mean anything. There are lots of legitimate reasons for insiders to sell shares, including diversification.

There is only one reason for them to buy though and Dr. Carter has been buying.

Once buying picks up it doesn't take that much to start a short squeeze as higher prices trigger more purchases when short sale stop limits are hit. Short covering is the best kind of purchases because they don't create an overhead supply at any point for people to cash out at higher prices.

Their purchases just close previous sales that we have already absorbed. There is nothing more the short seller can do except sell more shares short and hope that he isn't the last one into the rowboat.
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