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

To: Alys Hall who wrote (1038)	1/8/1998 10:58:00 PM
From: EZLibra	Respond to of 3702

Alys, go ahead and address stuff to me, my immune system is not compromised. I just believe in full disclosure, or taking the bull by the horns. Jim Baker, you may as well not read this - you nonmarket maven. Darth's position is that he promised his herd he would drive the stock to fifty cents, or so the rumor runs, and then he will buy the company. A veteran player I know says to bide your time with control freaks like Darth, the last man standing in a bar fight is the winner. Anyhow, after the sell-stops at 1.50 today (117,000 nasdaq shares in 10 minutes) exhaustion stopped the downward momentum at 1 3/16. I'm expecting a double bottom and, since it's Nasdaq traders as marketmakers a solid one dollar bid. However, the stock was brought back today by the discounter's main mm, they were fearless. Noticeable in the last year or so is that selloffs on any stock take 15-20 minutes, or until delayed quotes are displayed on the DTN/Internet. Non-full service orders are driving the market. 10 different orders of 100 shares do more to disorient Nasdaq mm's than a 5000 share order. This is not theory. It also looked like there might have been some short covering, or arranged transactions, because of blocks trading without affecting the size displayed on the bid/ask. Declared short position is not much, something like 175,000. Darth spreads a dark cloud but it's see-through. I hear that most, if not all, the margin positions of the insiders have been otherwise collateralized. Only 4,000 shares on Bloomberg today, we'll watch the filings tomorrow. Alice, I'm still bottom fishing. I'm seeing oyster toads and lizardfish but haven't caught any yet. I have caught a lot of nervousness. At this price plus or minus the stock is a steal.