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Biotech / Medical : ACMI - Accumed Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sigmund who wrote (1536)	3/13/1998 9:37:00 PM
From: Frank Buck	Read Replies (2) \| Respond to of 1894

Sigmund, I believe the volume today closed at just under 300 K. Quite a bit of volume for a non-news day. It almost seems like today was a first tier wave day. The first wave before the public dissemination of the "official news release". How do you think these parties collectively and selectively decided to pick today as a 300,000 share trade day?? Have you seen this article today by Louis Corrigan of: The Motley Fool fool.com Some interesting points in the article..... <Quast says that CFOs often prefer to make 20 phone calls to institutional shareholders and feel as if they've fulfilled their investor relations obligations. They also like the glamour of talking to star money managers at major institutional conferences. But Quast says a company without a strong base of small shareholders is like a three-legged chair as opposed to a five-legged chair: they fall over more easily. He says companies often begin to cultivate individual shareholders when they miss an earnings estimate and see how selling by one of their few institutional investors can send their shares plummeting. Sound familiar? How many legs are we sitting on? Many other points in the article are worth reading, namely... < In other cases, stocks rise simply in anticipation of a company's appearance at an event that most shareholders aren't aware of, are barred from attending even if they know about them... Securities and Exchange Commission Chair Arthur Levitt recently indicated that the SEC's Enforcement Office might begin to crack down on such abhorrent cases of selective disclosure of material nonpublic information. If a company plans to reveal anything important at such conferences, they're basically breaking the law if they don't simultaneously release that news to the broad investing public. > The article further mentions how shareholders "can get even" if something of this nature were to happen. Interesting article isn't it?