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

To: Galirayo who wrote (796)	2/11/2005 9:57:28 PM
From: IRWIN JAMES FRANKEL	Read Replies (2) \| Respond to of 3722

BLTI - This is not a biotech but it is interesting and a TA read might be fun. BLTI has been on EVERY Reg SHO list (daily) since the list was published. It is heavily shorted about 1/3 of outstanding shares and an undetermined number of naked shorted shares. Since Reg SHO restricted further shorting the volume has been drying up. Fidelity also recently filed a 13G showing they own over 12% of the outstanding shares, likely acquired in a high volume period in mid-Dec where the stock ran up. My non-TA sense of the stock is that it is under accumulation (lots of FA reasons which I will not go into) and a likely short squeeze play. (BTW - I don't see squeezed under every rock.) It rose sharply today with very little volume. ij