Paracelsian Inc (PRLN) Message Board

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Biotech / Medical : Paracelsian Inc (PRLN)

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To: FreedomForAll who wrote (4233)	5/5/1999 9:28:00 PM
From: Jonathan Schonsheck	Read Replies (1) of 4342

STRANGE day! Why would any retail customer decide, at the opening of the trading day, on no news whatsoever (much less catastrophic news), decide to sell: and not try to get the previous day's ask ($.84), or even the previous day's bid ($.75), but to offer shares well below the previous day's bid ($.62)? This makes no sense. But Market Makers know that the Annual Meeting is coming up soon. And they know that that is an occasion for exciting press releases - good news that can drive up the price of the stock. If they merely try to accumulate stock now (in anticipation of a run-up), that accumulation itself will create a run-up. Far better to squeeze some shares out of scared retail customers. Hmmmmmmm. How might they do that? Jonathan

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