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Biotech / Medical : Cistron Biotechnology(CIST)$.30 -- Ignore unavailable to you. Want to Upgrade?


To: Sidney Reilly who wrote (1273)7/14/1998 9:41:00 PM
From: Phil Cressman  Respond to of 2742
 
GREED, EOM



To: Sidney Reilly who wrote (1273)7/15/1998 9:09:00 AM
From: Zvi Yammer  Read Replies (1) | Respond to of 2742
 
The spread is wide because the MM's are short a sh**load of stock and they have NO intention of buying back at these prices.

So if you come in for a bid of .33 they'll raise it. Or if they want to short some more they'll lower the offer.

But for now tye MM's have probably been dumping between 45 - 60 cents per share and will buy back arounf 25. (IMHO)

Hopefully there'll be some strong fundamental reasons to screw these guys over, But the details can take months and the MM's are playing the odds that most people won't wait to find out and will get discouraged when the price goes down and will bail!!!

Buy all you can at a .25

Zvi

p.s. Cist is not a normal penny stock.. To those who know it it has financial and technological strength. To others it's just a penny and when the story hits people buy and then they usually fall back. (Remember the IMNX settlemnet. or the Presettlemet news the prior April) The shorts made out like bandits!! So if I were an MM not really following the news to closely I would be shorting now as well.

Hey look how many MORONS jumped onto to BICO stock went from 3 cents
to 40 cents cause they got approval to sell an $8000 machine for blood sugar checking which is not insurance - reimbursable and competes with a 300 dollar (invasive) machine..

125 million shares traded in 2 days!!! Stock will be at 3 cents agian in no time.!! This is not a rational market.. CIST is not the usual case.. for those who know it. For the MM's it's business as usual.



To: Sidney Reilly who wrote (1273)7/15/1998 12:13:00 PM
From: Anthony Johnson  Read Replies (1) | Respond to of 2742
 
I recently transferred some stock (not CIST) from my Schwab account to my wife's
separate Schwab account. There was no transaction fee from Schwab (or even an
SEC fee). Couldn't this same approach work between two parties who met on this
website? For example, hypothetically, (1) you and I could meet at a Schwab office
over lunch, (2) I'd sit with you as you talk to the telebroker about transferring your
CIST shares to me, (3) when the telebroker confirms the transfer, I'd give you a
certified check. The price would split the difference between the MM's bid/asked,
thereby helping both of us and screwing the MMs.

Would this work? I don't think there's any legal issues. The only risk, I think, is that
you'd transfer to me and then I'd run out the door with the certified check (but this
could be addressed by having us acknowledge the intent of the transaction in a letter,
so that at least you could sue me if I don't give you the check).

(By the way, I'm not "Anthony Johnson." His name somehow comes up for my personal password.)