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Biotech / Medical : Techniclone (TCLN)

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To: john dixon who wrote (2558)	9/21/1998 9:18:00 AM
From: EZLibra	Read Replies (2) of 3702

Morning John. I don't think any words are needed now, most everything has been said on Yahoo! Our downside is limited to what, maybe 10%. The upside is unlimited and I think we are all expecting market-moving news, BIG news. The greatest anxiety is now firmly on the shorters' side. 3.3 million shares were declared short last August 15. Normally a nasdaq trade of any size in an open market takes about 5 x normal volume so some 16.5 million shares would have to trade for the 3.3 million shares to be covered. The short, due out Wednesday or Thursday, is probably greater. There is no way the shorts can cover without taking the stock up, WAY up. Interesting that even the Herzog trader Mark and Knight trader Jonathan are finally exposed. Compared to TCLN longs the shorts must really be nervous, I'll give them the same sympathy I give Clinton.

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