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Biotech / Medical : SNRS- Sunrise Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Gordon A. Langston who wrote (1770)11/5/1998 2:35:00 PM
From: David Jones  Read Replies (1) | Respond to of 4140
 
Gordon that's just it, the MM could be just collecting the spread but where's the shares coming from and who's buying? I know, there's no way of telling but it reminds me of shorts playing chicken with each other.
Or an MM going short to cover buys. If that's the case the MM would have an interest in seeing SNRS drop in price to cover. Which doesn't fit the expectation of the PMA giving SNRS some price support.
Or there is a supply of stock coming in that he can purchase to cover his short interest and price slides sideways.
I don't know. Maybe the PMA isn't coming till the later part of Dec. And the price will spike down under 4 for a couple of days soon to cover those shorts. Right now I'm just trying to make sense of the volume and small spread and appreciate your input.

Thanks; Dave