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Biotech / Medical : Kosan BioSciences -- KOSN -- Ignore unavailable to you. Want to Upgrade?

To: keokalani'nui who wrote (28)	8/21/2001 10:52:14 PM
From: scaram(o)uche	Respond to of 933

J.D. and Wilder: This has been going on since 1998, during the lean periods. There have been clusters, but it was most pronounced in the tough days of '98 and in the past three or four (?) months. Doesn't really upset me, as I often try to play along (see the LSBC thread, for example??). But, it's gotten out of hand lately, as though several market makers are informed of the available block and of the "convenient" strike. I think it's admirable when a fund manager becomes aware of a block and takes out bids/stops to get at it. But, as Wilder noted, it's beginning to look as though there is active communication among individuals who should not be hurting the little guy to pave the way. Maybe not. But, while I don't think it's fair, it's never bitten me and I've often gotten a very quick chunk of change out of the deal. I'm therefore not going to complain, formally. Is there some sort of law that says that these trades must take place in a public forum? I don't understand that part...... why can't the block change hands at the lowball price, without the public pounding? I obviously don't know enough about the mechanics of trading to ramble on like this. >> I suspect there are at most 10 individuals at work and that they all know each other. << Exactly my thought. However, "I obviously don't know enough about the mechanics of trading to ramble on like this"!