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Biotech / Medical : SAFS (Safescience, Inc.) formerly IGGI. Hot Potential -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Levin who wrote (70)	11/6/1998 1:44:00 PM
From: Tom Kinakin	Read Replies (1) \| Respond to of 110

Yes, a great news release but due to the timing of the news release it wasn't seen by as broad an audience as some speculators expected. Here's my opinion based on a few phone calls I made this morning. Since the share price didn't react strongly with a spike to the upside, a few short-term traders cashed in their chips. Once the selling started to build, the market makers backed off and picked up the supply at the lowest possible prices - as low as US$4.75 I believe. It is moving back up now, $6 11/16 but that is still down $1 1/16. Let's see if we have a better response on the market next week. Tom Kinakin