Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Cellegy Pharmaceuticals (CLGY) -- Ignore unavailable to you. Want to Upgrade?

To: Charles Broderick who wrote (209)	11/10/1999 11:42:00 AM
From: Howard Hoffman	Read Replies (3) \| Respond to of 322

Interesting question. Why do you ask? Do you have some news?

To: Charles Broderick who wrote (209)	11/10/1999 2:37:00 PM
From: Arthur Radley	Read Replies (1) \| Respond to of 322

Charles, I will take a stab at your question. There is nothing to keep the likes of Merrill from investing in a company. However, it is normal operating procedure for many of the large brokerage houses to not follow companies with a market cap under a certain level. There are several factors in this issue...one is that due to liquidity in such companies a brokerage house of Merrill's size would be hard pressed to take a position without the stock moving upward drastically. Now with that said and looking at CLGY, someone is accumulating this stock in a stealth mode. You merely have to look at the trading pattern over the past few weeks. Nothing big as to purchases....but a steady move in the stock as the MM's are having to inch the bid/ask to shake out more shares...and all with no news(officially). Now so that you don't have to spam(:>), I would like a PM as to any info that you were able to share with Howard. TIA. P.S. You have to love the action today.(:>)