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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Jesse Livermore who wrote (44156)9/7/1999 2:13:00 PM
From: D. Chapman  Respond to of 122087
 
SHORT BBIOY

This stock has been mentioned by joe kernan. However since it is an ADR it trades very thin in the states.

britishbiotech.com

The stock trades in London under symbol BBG(London)
On Nasdaq it trades under - BBIOY(US)

the stock in london is up 14% where it has traded 12, million shares. and in the states its up 50% where it usually trades 10,000 shares/ day.

The float on this stock is over 60 million and I feel that arbitrageurs will short the stock in the US and buy it in London in order to reestablish parity.