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

To: Orwell who wrote (1155)	1/26/1998 9:32:00 PM
From: Tim K	Respond to of 3702

Could TCLN be selling shares to raise cash?

To: Orwell who wrote (1155)	1/26/1998 9:37:00 PM
From: john dixon	Respond to of 3702

I am not a rocket scientest but I would think the buyers don't own any stock that they paid above $1.25 and the sellers didn't pay above $.50. Now who would have any large amout of stock that cost them less than $.60. By the way, it's hard to go OUT of business, when you don't have any business. Can you tell I am about as down on this stock as the price is? Come on Lon, it's time. John

To: Orwell who wrote (1155)	1/26/1998 10:43:00 PM
From: EZLibra	Read Replies (2) \| Respond to of 3702

'These are the times that try men's souls...' The strategic selling came from the usual suspects. After 90% buyside through 200,000 shares today they hit the bid 20,000 short, 20 more and 20 more and broke the bid at $1.25. The sell was brokered from the U.S to London and back, a weak disguise (after overseas hours) and the powers that be have it. Toward the close the same NY-London-NJ seller showed at 1 1/16 and our wonderful mm's didn't challenge. The Gang of S-3, and it's not all of them, may not convert until the trailing 5 day average starts to increase. Today's action may only have been a shot that worked, best defense is a good offense and all that. Have they sold more short than they are contractually allowed to sell? Now rumors will start to circulate about being de-listed because of being sub-$1 (it takes months - look at IMGN) and the company going out of business (put me on the committee, I'll sell the h out of the patents). Generally negative thinking could be what the psychological sellers might be looking for. I give up, already. It's a truism that when you have lotsa bucks (stocks, houses, cars, whatever) you pay up. When you don't, you don't. There are those we call vultures (some are self-fulfilling) who are looking to clean up in TCLN, most likely S-3 types and other sharks. They'll show up. News from Tustin, any news, is better than this. We've already been galvanized to the downside. I'm probably going to bed seven, eight times tonight. Any chatters (I know there are Mad Hatters, pardon my literacy) out there. On this stock we old timers have been here before.