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Biotech / Medical : Techniclone (TCLN) -- Ignore unavailable to you. Want to Upgrade?

To: Alys Hall who wrote (2555)	9/15/1998 9:17:00 PM
From: shero	Respond to of 3702

Amen! It's interesting that at the end of the day the stock went up, not down. That hasn't happened in a long time. Am I the only one who noticed? 500,000 shares in the last 30 minutes. And only one firm doing the buying. Interesting! Tomorrow is another day.

To: Alys Hall who wrote (2555)	9/19/1998 9:39:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 3702

"I think the second or third time around doing reverse splits is enough to make any investor feel sick....but that's just my opinion." I agree with that. But the harsh fact of investing is that sometimes you lose your money totally because the idea, management or something was simply not good enough. Sometimes the idea is perfectly good, management is okay, markets are fine but it just takes longer than anyone thought to get to profitable sales. What that means is that earlier investors misjudged the returns. The reality of dilution happens at that time. Not when the actual facing of the fact happens, maybe years later, when new shares and new money are needed to proceed. The issuing of the new shares is the paperwork recognition of the failure. Sure, you can simply price the company down and down and I agree that theoretically that is just fine. It is also my preference, because I don't like things changing for no reason. If it is only worth 20 cents, leave it at that. Unfortunately, there are arbitrary standards set by Nasdaq, brokers, institutional investors and others which make a 20 cent price unattractive. Or anything under $5. Yahoo! delists the company [according to somebody over in the Yahoo! thread] at some lowish price. Margin lenders won't lend under $5. I won't put the 10 reasons here just now. I'll save it for a rainy day. Some people have wondered why the price of TCLN isn't rising. More sellers than buyers is the right answer. I've introduced several people to Techniclone who are now shareholders. But one of them sold some the other day because they want to borrow some money for a trip to Canada. They were only holding Techniclone, so had to sell quite a few to buy a stock over $5 with equally good prospects. That way they are able to borrow some money at 7% - which is much better than a credit card rate. So there is an example where a bit of selling pressure came on Techniclone for no good reason. The person was completely happy with the investment, but just wanted to borrow. Another reason there are more sellers than buyers is the unpleasant viciousness of many posters in the evil pit of Yahoo! [just to bait them] and even in the exalted heights of Silicon Investor where superior beings live. I've many times seen the suggestion to various people: "If you don't bloody like it, won't subscribe to the party line and dare to express some contrary ideas, then you are a total loser, a jerk, a moron, some kind of imbecile and should sell your shares and get lost". "You are also Endotarget in disguise, a stinking short, a stock manipulator, a disaffected fired employee, probably have AIDS, pox and ...umm, lots more too" Many people act on that sort of suggestion as they find unpleasant company unacceptable. When they do sell [or others reading the posts to see whether they want to buy get frightened off] that puts selling pressure on the price. I can see why people don't like reverse splits - there is an irrefutable 80% [a guess] correlation with failing companies and loss of shareholder value. Investors in cancer cures should understand the difference between cause and correlation. Speaking of correlations. Birds of a feather flock together - maybe some potential or present investors see the company they are in and abandon ship as they don't wish to be contaminated by the company they keep. Maurice