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Biotech / Medical : Biotech vs. Shorts -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (74)	7/28/1999 3:53:00 PM
From: Biomaven	Respond to of 427

Rick, Well David answered the question - MM's do have to borrow, but they get more wiggle room than everyone else. I shouldn't think there are any problems borrowing GLIA (although I haven't actually tried). What on earth would you tell the SEC? That the stock is weaker than it "should be?" There are enough legitimate possible reasons for a decline (varying from hidden shorts to dumb institutions) that I just don't think they would show any interest. I would certainly like to see the regulations changed to force hidden shorts to be revealed. This could be done by requiring the MM's to disclose any short position that is a match against some offsetting contract. Peter

To: scaram(o)uche who wrote (74)	7/28/1999 4:43:00 PM
From: LLCF	Respond to of 427

<, I feel compelled to understand it.> I didn't think it was Wisconsin before, but maybe it is on of the big holders you've sighted... any idea on when they'd have to file so we wll be able to see? I figure we had a nice close today on huge volume, hopefully it's off to the races. I'm going to try to forget about it, the boat is "full boat" now, as I've learned that at the most depressing moment it's usually time to buy just a tad more. Well, my GLIA P&L is depressing I'll tell you! Anyway... I'm going to try not to look at the damn thing for a couple months [bought Mar 17/s] and hopefully I'll be much happier about my GLIA then :) DAK

To: scaram(o)uche who wrote (74)	7/28/1999 5:48:00 PM
From: dalroi	Read Replies (1) \| Respond to of 427

When indeed there was a 1 billion short position this issue would be solved very rapidly glia could issue a 2 $ divident then the shorters had to pay 21bilon$ to evry one who had glia shares in there account or even better give out warrant eg 1 for each share owned wrrant would make it possible to buy 1 share for 15 and 1 share for 20$ and then one for 25$ and another for 30$ this has a dual advantage 1/ glia gets all the funding it needs 2/ shorters realy bite to dust because now there not only short shares but for evry share a waarant which lets you buy 5 glia shares at different levels 3/ if we excersise our warants there is no dillution and we get a hell of a shortsqueese DID YOU KNOW THAT the clearingshouse is ultimatly responsible for the shorts it let create ? if glia comes out with this plan ( i copied it from a firm called tigershark ticker jaws) (only way it didnt work there was because owner printed shares so increased float by 4 times) i'll by put on the trading houses which allowed shorts ANYWAY ONE SHOULD REALY read yahoo ipo jaws or tgsk thread very instructive we could however also call all ower certificates which would create havock in dtc and TA hehehehe :-) Stefaan

To: scaram(o)uche who wrote (74)	7/28/1999 7:13:00 PM
From: EZLibra	Read Replies (1) \| Respond to of 427

Hi Rick, finally you're talking about something I feel well qualified to discuss - marketmakers and trading. I doubt you can find an organized short on GLIA. Going into today a lot of technical indicators had broken down. Frankly IMO it looked as if a GLIA position was better short than long. When the stock gapped to 21 on the opening it played right into the mm's hands (or trigger fingers and - yes - they are allowed to short naked, short term, because they have to be able to accomodate their contractual corresponding brokers. Didn't you know that NASD is 'self-regulated'?). The mm's simply accomodated market orders by raising the offer until they attracted some sellers and then shorted the rest. Then the quick hitters and day-trippers, not having achieved immediate gratification, started selling and the mm's walked GLIA down (the game's afoot, loose the hounds!). Easy pickin's. GLIA avalanched from 21 to 20 (mm's always make money - they can lose a 1/4 mill one day and make it up the next) then slowed to 18 where today's gap was filled and the stock began to trade normally. There are still some technical problems but GLIA is firmer now. The fundamentals look great. A biotech with earnings - amazing! Appreciate all your good work, Rick. -Davis (long GLIA)