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

To: CatLady who wrote (880)	4/29/1998 11:40:00 PM
From: Jim Roof	Read Replies (3) \| Respond to of 1432

True. He has changed from sell to sell short. Frankly, what's the difference? Buy/strong buy. I have never been able to buy strong. My broker just lets me buy. Next time I will place my order for a strong buy instead. My real point is this. The opinions and material facts that his basis rests upon is identical now to what it was almost a half year ago. The only difference is that he has decided to re-release his previous sentiment with a 'sell short' recommendation. That takes nothing to do. It just takes getting on the phone or faxing out the release. The fundamentals that Asensio claims as supporting his case have actually become less and less evidence for his cause. Phase III data supports Hextend superiority. Insiders sure have missed their chance to cash in on their scam - seeing as how not one of them has sold for a profit at the 'pumped up' levels. I find Asensio's claims of fraud to be totally ludicrous and without a shred of supporting evidence. I have pressed him (via email) and Bill Wexler to put up or shut up but they refuse to do either. My hunch is the 100k block that traded at 8 1/2 just before the opening bell holds the story. If we knew who buyer and seller were we would learn a lot about today's 'story'. After that 100k traded BTIM immediately rose to the 9 1/2 range. BTIM spent much of the day trading up from the open, telling me that the shorts are now covering on the negative news just as longs tend to sell on good news. They say 'buy on rumor, sell on news'. Maybe the shorts are now 'selling on news and buying on rumor'. Jim