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Biotech / Medical : Alteon (ALT)
ALT 4.240+1.4%Jan 15 3:59 PM EST
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To: Mac S. Giballa who wrote (257)11/14/1998 2:09:00 PM
From: The Gambler  Read Replies (1) of 318
 
The action of the stock price really baffles me! My read is there are people trading this one, because it ran up in the days leading to the announcement and then it sold off. It's the typical "buy on the rumor, sell on the news".

As far as the result of ACTION I trial, I sure hope it will be positive based on the "encouragement" of the FDA findings that's in agreement with the independent ESMC.
Maybe this is the catalyst for the up-volume. I am interested in your opinion and others' on the thread. Thanks in advance!
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