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Biotech / Medical : Guilford (GLFD) - Steadily Rising -- Ignore unavailable to you. Want to Upgrade?

To: CPAMarty who wrote (295)	5/25/1999 1:34:00 PM
From: Merritt	Read Replies (1) \| Respond to of 496

Marty...whew, a lot of good sized trades. A block of 1mm at $10.50, and then several sells in the 5 figures at $10.625 that added up to about 450,000 shares. With so much on the sell-side, it's a wonder that the price has stayed above $10.50. But now the bid is up to $10 13/16, so I guess it was a negotiated sale...maybe the same fund that was selling in March? These fund managers seem to have adopted a policy of not wanting any exposure to second and third tier biotechs; that plus someone may not wish to hold a biotech with this current feeling of impending weakness of the over-all market. I just bought a few extra shares for a trading position...probably one or two days and try and scalp a point or two.