Hot Biotechs (fka HOTBIO)

[sarals]

GNTA and retail traders
by: cdmohaf (36/M/Cheyenne WY)
Long-Term Sentiment: Buy 06/25/01 08:05 pm
Msg: 28097 of 28170

There is some good discussion on this board, while I don't post much, I do lurk and listen. Both sides of the stories and points of view have good points. Let me throw another one at you. When you sell the stock, do you ever feel like your being baited? Watch your level II's and see who is at the bottom catching all of the shares we have been "trading". 9 million shares were accumulated, at a base of 10.5 to 11 and change. Do you think the people that are doing that, are looking for .5 point or a 1 point move. Not. Find another Biotech out there that is speculative, that has had the institutional buying that Genta has. ISIP's has actually decreased.

The lack of volume has been the INST allowing retail traders to sell into their bids, (buyers strike, but not selling for them), and they really don't care if we shave a dime or a quarter or a buck or whatever. One of these days that little trick isn't going to work. Some will be lucky, and will be in when they come in and buy their next position, based on data, that could be the Phase III or the CLL trials.

Look at the IMCL chart. When it moved in early 00 it did the exact same thing. It moved up, sold off, tried to convince people to shed shares, then shot up. Its a process and your dealing with people you can't beat. They handle your trades, so they know what you are doing, but you dont' know what htey are doing. Many MM's use Alias MM's to hide accumulation, and to hide shorting and selling. They slip the bids to catch anyone with a stop loss low or a cover limit high. The "trading" you talk about is allowed while they await economic, and trial data, as well as fed news. When they get the pieces in place, many a 'trader" will be frustrated, as he will be out of position when they come in and buy, or maybe sell.

It all comes down to a matter of the company, if you believe in the compnay and the INST's believe, then it will move up, but beware....the houses don't make this kind of committment just to walk away..with a small gain. If you think it looks bleak, and it looks bad, and the volume is low, it may be a worm on a hook with a MM holding the pole. Just ask the last group that sold under 11. If you could get the retail trade to hold firm, you would see them jump in sooner to take us higher, until then they will continue, to wait at the bottom on the bid, absorbing what little bit, they get. When they have absorbed enough...many of the "traders" will be left buying much higer....establishing a firm base well above their buyin price.

Watch the On Balance Volume, and Money Flow, I wont' bore you with all the signs, but anyone who cannot match that up with Level II and come up with what is going on.......

Just a thought from a guy who believes in Genta and I have a long position. I have watched this stock and tracked each movement for a long time.

Don't be caught otu of the ballgame or short. Your 100 dollar trades may seem like a gold mine now...but if your unlucky, and out of the stock when the MM's decide they have enough....then you will wish you had done things differently..

Good luck to all, I wish you well...

Dean

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