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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Jun 6 11:01 AM EST

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To: Sylvester who wrote (1779)11/6/1998 2:31:00 PM
From: David Jones  Read Replies (1) of 4140
 
Conjecture, guess and speculation: Take a look at the five minute chart from the 2nd and 4th. Volume and action looks to have stopped for most of the mid day on the 2nd; dentist appointment? And then a long lunch on the 4th? MM attrition

Or with 1.3m short interest there's a game of chicken going on with the PMA expected soon?

With VISX doing so well with their FDA approval. Maybe the market expects nothing less than full approval before there's positive volume? And the shorts or MM believe if the price can be held below say 5 after PMA then weak hands will flee and they can load up for full approval.

All wont mean much come next year {$$} except to those much more adapt at trading than I. End of conjecture, guess and speculation.

Dave
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