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Biotech / Medical : CYTO -- Ignore unavailable to you. Want to Upgrade?

To: ge who wrote (7077)	3/26/1998 12:34:00 PM
From: Ron	Respond to of 8116

News is nothing but good. MM's playing games with this stock now. Agree with TA positioning. Bought more when it bumped down this morning. Good luck to all.

To: ge who wrote (7077)	3/26/1998 12:34:00 PM
From: andy hong	Read Replies (2) \| Respond to of 8116

can anyone tell me what has happened for the first 5 mins after the market was open? I had placed a sell order 3600 shares by the Datek online trading at 9:22 AM before the market opened and expected it to be executed at the opening price. i clearly saw that the bid price of 2 5/16 and the ask price of 2 3/8 when the market was opening. and the price was even creeping up for a short moment before it plummeted. But my sell order was not executed until 9:34 and 42secs at 2 1/16. has anyone experienced the similar agony this morning? explanation from the Datek is that the market maker didnt pick up my sell order fast enough since the volume was so huge for the first couple of mins. but it sill doesnt make any sense to me because my order was waiting on the line even before the sell-off began. the market maker must have taken into account previous orders before the opening to set the bid and ask price up. might it have something to do with the quality of Datek online service? i lost 900$ due to the 4 mins delay, but the Datek said i just have to suck it up..can i take this dispute to somewhere or someone to correct the execution price? if there is anyone who traded at today's opening market, can he or she post the execution price and time?? thanks in advance..

To: ge who wrote (7077)	3/26/1998 7:50:00 PM
From: WTDEC	Read Replies (1) \| Respond to of 8116

ge, your sale scenario seems reasonable to me, but I can't get CYTO's inability to bring in a strong management team out of my thinking. Here they are trying to sell a major, late stage prospect to generate cash to keep the rest of the company going, but they don't have the management to do the job needed. If someone offers up a price anywhere close to reasonable for the whole company, I think they will have to give it more than careful consideration. Someone a few posts back said that the ALT halt and sale might facilitate bringing on new management. It might, but I believe you usually want the new management to buy into the major decisions before they are finalized. Nevertheless, if some strong new senior managers join soon, it would suggest that your view (sale is 2 years or so in the future) is correct. I doubt if top people would join if they felt the company would be sold soon after they came on board. In any event, for now CYTO's direction seems to have shifted in favor of the longs. Regards, Walter