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

To: Jim Baker who wrote (2579)	9/25/1998 11:24:00 AM
From: richard badauskas	Read Replies (2) \| Respond to of 3702

My reading of the technical action in TCLN stock price was that there has been consistent buying going on, the short covering has reversed the downside momentum, we have had several spikes that witness this fact. The shorts have played this situation to the maximum and now left. A reading of the most recent reports from TCLN contains some very interesting material about the efficacy of LYM and TNT, obviously TCLN is still in the very early stages of proving TNT and somewhat more advanced in LYM, this explains the exit of the shorts. We have not yet seen the entry of larger players making large purchases, my impression is that there are some buyers who are now slowly accumulating the stock. The day to day movements in the stock can ignored as there obviously is a large pool of stale longs who are prepared to sell on any movements up or down. I am in for the longer haul and will wait for news on the trials.