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Biotech / Medical : Biotech & Pharma.T.A, -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (658)	1/20/2005 1:40:57 PM
From: Mike McFarland	Read Replies (3) \| Respond to of 3722

Can you tell me how a person can tell if shares are being accummulated? Or point to something on this thread if you have discussed it? I month or two ago, I piled into glgc, and I've been watching closely. Simply obsession--I want to snag a good swing trade out of this sometime this year, it is leftover from the genomics craze of '99-00, although it seems like a good company now, actually have some software products and such and some sort of a technology partnership with mlnm. Anyway, at 10:30 PST I saw this: Bid: 3.25 x 8500 Ask: 3.26 x 100 Usually on this stock, you wont see a large number of shares, it is often 500x100 or whatever. Whatcha think? What I imagine the large bid to mean, is that there is a buyer interested at this price. I got in around $3.45, so I guess I am down 5%. The stock seems pretty safe, well under book value, and not much above cash. 4th quarter earnings soon. Just curious. fwiw, I own a full position and don't plan on doing anything with it...unless it goes up of course <g>. I don't think a stop loss makes sense, at this price it is a good takeover candidate I suppose. A considerable amount of embarassing rant can be found on the Yahoo board. I do get wound up at times.