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Biotech / Medical : Biotime-Nasdaq's best kept secret? -- Ignore unavailable to you. Want to Upgrade?


To: Mark A. Voelker who wrote (668)2/13/1998 11:38:00 PM
From: Todd D. Wiener  Respond to of 1432
 
Here's something that hasn't been said yet: BTIM was up 37% this week! It looks like the shorts got an atomic wedgie!

Honestly, though, there should be substantial resistance at $18, so that is a possible point of reversal. Much of the price action this week was suggestive of short covering.

Todd



To: Mark A. Voelker who wrote (668)2/14/1998 2:59:00 PM
From: Jim Roof  Read Replies (1) | Respond to of 1432
 
The following from Bill Wexler on another thread:

>>Short Biotime (BTIM) at 16 7/8.

Scary biotech stock. Was pumped...dumped, and now that's it taken a rebound on the
backs of a fresh batch of suckers it is ripe to short again.

The stock is manipulated, and people associated with the company have been actively
engaged in fraudulent misrepresentation, so be careful - but I seriously doubt the stock
will continue to climb much further (if at all).

Asensio took a shot at this one a while back. I spent some time researching the story
and it is a "no brainer" short.<<<

Looks like he's more certain in his own environment than he pretends to be here - interesting.

Jim