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To: MikeD who wrote (9538)12/7/1998 4:39:00 PM
From: Alan Coccio  Read Replies (2) | Respond to of 10903
 
Mike, guess it's just the paranoia.

Today, there were five block trades (10,000 or more shares). Four of them were sell orders (22,100/10,000/10,000/10,000). One was a buy near the close for 15,000 shares.

There were only three buys today out of 26 trades.

A month or so ago I was thinking there would be a selloff before news would be released and I guessed the price would drop to .125 but was way off when it only dropped to 21 cents. From there it was all uphill to the 50 cent range. I think a lot of the increase was a result of all these news rumors floating around. Impatience is taking hold, perhaps, and the selling we're seeing is a result of that. If they are sitting on good news, it surely seems time to release it.