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Biotech / Medical : Immucor
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To: Thomas Kirwin who wrote (314)4/30/1999 12:16:00 PM
From: Mason Barge  Read Replies (1) of 422
 
I think we can count on holding at 10 5/8 - 10 3/4, even though sporadic light trading has sold a few shares lower. The bid/ask is at 11/16 x 3/4, and I suspect the MM has taken a position to support it at that point, not wanting to sell any more inventory cheap unless there's bad news. The MM's buy bid is likely to be a little lower so we may see some sales a little lower by small investors who are just tired of waiting, but the brief run-up should add some confidence to us long-term-holders.

Of course, whenever I make some prediction like this, it immediately falls apart. On this non-volume, all it takes is one guy dumping 10 or 20,000 shares to drop the price 10%.
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