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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: john dixon who wrote (857)	12/12/1997 7:31:00 AM
From: EZLibra	Respond to of 3702

Morning John, a forced margin sellout (which is incredibly dumb) is 3 1/3 times the maintenance required. At the annual meeting I asked Nicole about Vonnie Stone's September 20,000 share sale and she said it was a margin sellout. So Lon should have a cushion here. As to any other shareholders who might be greedy, naive and stupid enough to be on margin at this level who knows? Their loss is my (and the mm's) gain. I think the fact that it was forced shows that Lon certainly has faith in the product, maybe he will even figure out that he could actually have something to do with the stock price. Eleven minutes after the close yesterday a block of 25,000 shares traded at 2 15/32. A marketmaker had been leaning on the bid, shorting stock, and toward the close had banged out the bids, then put the pieces together and covered his short at 2 15/32. Disappointing but typical of a NASDAQ trading house. The same methodology was used by a big guy (Merrill?) a few years ago on a massive General Motors secondary. So now we have a double bottom, which is supposed to be good chartwise. What do you think, Shero? Can we backdate the election of the new CEO to yesterday? Patience, Lord, but hurry.

To: john dixon who wrote (857)	12/12/1997 8:05:00 AM
From: shero	Read Replies (2) \| Respond to of 3702

In all fairness to someone who doesn't deserve it there has been no indication that there has been another margin call in the CEOs' wifes account. Remember he's hiding behind his wifes skirts. But there was a forced sellout around 2 1/2 and if the stock goes lower I'll bet theres another. As for your speculation about unknown results from the Alpha trials remember that TCLN just bought the rights to the product. While its fun to speculate (and thats all this sentence is) if they bought that product back knowing the results were bad and were selling their own stock at the same time...theres a word for that. Three words actually--class action lawsuit. I don't think, not for a moment that that is the case. This mgmt doesn't deserve our respect but they can't be that stupid.