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Biotech / Medical : XRAY - Undiscovered Gem -- Ignore unavailable to you. Want to Upgrade?

To: Jay Rommel who wrote (20)	5/14/1998 5:00:00 PM
From: Herm	Read Replies (1) \| Respond to of 47

Hi Jay, It makes you wonder. There are companies with no track record and no earnings that have price movements on a sneeze. I have been really looking closely at technical charts patterns that sure seem to predict price movements. In particular, opening and closing triangles for gaps up and down. ICST for example! NXTR seems ready to pop up. FUSE looks like it may bounce off it's 50-day moving average to continue the zig-zap price channel movement. XRAY traded some interesting option patterns today. 280 contracts for 25 May and 280 contracts for 25 August. Only 10 contracts for 32 1/2 May with a remaining open interest of 224. It appears the MMs are trying to depress (below $32 1/2) the XRAY stock price for tomorrow's options expiration cutoff. Volume was up today and traded 3 large blocks with the last sale of 1,000 shares on a down tick to close unchanged at $32 9/16s. Well, we should see some rock n roll tomorrow.