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Biotech / Medical : Swissray Intl. Inc. (SRMI) -- Ignore unavailable to you. Want to Upgrade?


To: George Yorg who wrote (457)6/4/1998 1:20:00 AM
From: TA2K  Read Replies (1) | Respond to of 763
 
I think various wholesale market makers have held various chunks of SRMI they acquired when debentures were converted, and the shares were dumped over to these wholesale market makers. Over the past few days one has suddenly seen a 'chunk' (say 100 K, plus fragments, like the meteor in Deep Impact) from a market maker suddenly pop up at bid, on its way to another market maker that has been retailing to investors. When these 'bombs' have hit, the market for SRMI temporarily freezes -- it gets really cold -- but then sales seem to have chugged on ahead, with more *retail* buying taking place. Which is a pretty good sign.

As soon as the market feels that these 'chunks' of SRMI have already been passed on to investors, in other words a sustained absence of 100 K bombs, then I expect we'll see a buying frenzy, and a quick jump up a few ticks. Hope that takes place tomorrow.

Nicholas