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Biotech / Medical : Nortran Pharmaceutical -NRT.V -- Ignore unavailable to you. Want to Upgrade?

To: dale w ruckle who wrote (592)	5/13/1998 11:01:00 PM
From: Mitch	Read Replies (1) \| Respond to of 1185

Dale: As to my suggestion that the short sellers may have been to blame for the first big plunge in the price of NRT, it was only that - a suggestion, and no doubt wrong. When I ventured the Post, I had just read Posts 576 and 577, and I had seen the big offerings very early in the day which were later referred to in Post 621. As it turned out, the shorts were not "toast", as Jay thought they would be. The rest of us were. Incidently, you probably recall that the stock was bouncing around all day as it sank, and there were plenty of "upticks" during that day, affording many opportunities to short. I also noticed that whenever there appeared to be a recovery in the share price beginning to happen, someone would sell big-time at the bid prices, apparently ignoring the fact that there was plenty of demand at the ask price which had been demonstrated over the immediately preceding trades. In other words, if they had entered their offer to sell at the prevailing ask price, they likely would have realized a higher sale price. This didn't deter them, however, as they kept it up all day. Although I have forgotten the details, I think that a few brokerages were doing this over and over. You would almost think that they wanted the price to fall. Us simple farm boys can't figure out how all these things work, so forgive me if I was mistaken in suggesting that it may have been the short sellers, who must now be laughing at us long types. All the best, Bob.