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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (12236)	9/14/1999 10:48:00 AM
From: ALTERN8	Read Replies (1) \| Respond to of 57584

GMGC trading at 2....!

To: Rande Is who wrote (12236)	9/14/1999 11:24:00 AM
From: Kevin Shea	Read Replies (1) \| Respond to of 57584

Rande: Not quite sure that I see what you are seeing in ALLP....What I see is an 3 day advance that began when word about the upcoming products, CEO presentation, etc began to filter out.... ALLP got high volume which drove the price up....nice!.... now we get somewhat expected news (with more expected to follow) which offers 30-50% returns for some... so they sell off (profitoften).... Now, on other biotech stocks in the past, news of this sort might have driven prices through the roof (sometimes up 2-500%--- like GERN) ... was this what you were looking for?? ......technically ALLP got ahead of itself and a pull back was not unexpected..given the active short dynamic currently in the market, it may not even be unusual ... it appears to be consolidating here ... Now, If a newbie jumped on when the stock went to 10 or 15 and they walked it or raced it back down to 4.5, I might be in complete agreement with you.... to me it looks like a typical sell the news and take profit.... ALLP still have a good looking future ahead of itself Only my opinion of course!

To: Rande Is who wrote (12236)	9/14/1999 11:38:00 AM
From: KevinThompson	Read Replies (1) \| Respond to of 57584

It seems like stock trading is starting to become more and more a sucker's game. The "casino owners" (alias market makers / analysts) control the game's outcome, not unlike the industry in Lost Wages (Las Vegas). Just watching ABWG - next to nil volume (about 10K shares at the time - just a few minutes ago) it was trading 10 5/8 x 10 3/4, then WHOOSH... in one fell swoop, the mm's take it down to 9 1/2 x 9 5/8. Some poor slob sees that move and sells to the mm. Then it starts to make a slow inching back up. On days like this, I don't see a slight bit of difference between the equities market and the crap tables in Nevada. Except that in Nevada, most players know what they're in for. Just my observations this morning. KevinT