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Biotech / Medical : VITX - new IPO with room to grow
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To: Ariella who wrote (9)9/24/1998 8:14:00 PM
From: Street Walker  Read Replies (1) of 37
 
>> If so, why not counter this mess by putting out a release and calming the market???<<

It is difficult to do this when they are in a quiet period.
Another reason why the PR guy is not around for a few weeks.

Scenarios:
1. They are being bought out. Market Makers are clearing out
the weak and gather shares for a cheap price.
2. They have 40 million in cash and they are going to do
somthing with it. Share buyback?

Maybe we'll see some large blocks in the next few days. Remember Blocks Below the Bid are a good sign. Institutions are not obligated to buy at the ask when lots of shares are at stake. They make an arrangement with the mm's for a set price, usually below the bid cause so many shares are being purchased.

The last three days have not been about 3 cents. Its been
about manipulation for mm's to acquire shares by shaking
the weak investors out. Today they removed investors
out of their stop losses.

The bit about education: All drug companies need "Drug Reps"
that visit physician's offices and educate them about their
product line. When a new product comes out, it usually takes
a few quarters to catch on, unless you are selling Viagra.

The same reasons that took VITX to $17 can take them their
again. Kick back and think what took them there and share your
knowledge with us newcomers.

Regards,
S.W.
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