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Biotech / Medical : SANGUINE CORP. (SGNC) -- Ignore unavailable to you. Want to Upgrade?

To: justaninvestor who wrote (2820)	7/8/1998 4:24:00 PM
From: Mike Ankley	Read Replies (2) \| Respond to of 5402

Hi bbruin. Speaking of volume, for anyone who is trying to time SGNC based on potential news releases, volume increases, etc here is another loose comparison to the ENMD example. Everyone is well aware of how ENMD woke up one day and jumped from 12 to 80 on volume of 12 MILLION shares. It then settled back to 60 in 1 day ... and is now back around 30. Here is the ENMD chart. For daily price and volume data, simply click on the chart itself: nasdaq.com You can see, in looking at the volume leading up to that big day, there wasn't even the slightest indication that something big was about to happen: notice the 6 days prior to the big day show an average volume of approx. 25,000 shares: date price volume 05/06/98 31.125 6,575,200 05/05/98 43.125 9,068,500 05/04/98 51.813 23,527,700 05/01/98 12.063 19,100 04/30/98 12.000 15,000 04/29/98 11.750 29,000 04/28/98 11.750 17,300 04/27/98 11.938 57,000 04/24/98 12.375 14,700 My point is NOT that this is what will happen with SGNC. I am simply trying to show that increasing volume in the biotech sector is not always the best indicator that something big, pricewise, is about to happen. A week or so ago, someone came on SGNC thread suggesting that a better way to SGNC would be to try time price increases. I am definitely not going to be doing that based on the way I believe that SGNC will react when the time is right. When that time is ... nonone knows. But I don't want to be on the sideline if and when it does. Cheers Mike