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MELA Sciences, Inc. Message Board

  • mmmparsley mmmparsley Feb 16, 2007 7:39 PM Flag

    Looking at the latest Institutional Deadline...

    Looking at the latest Institutioanl deadline, one can see that institutions on the whole piled on more shares or accumulated fresh ones to their positions between 10/1 and 12/31/2006.

    What is interesting to note was the only major selling was done by Marxe and Greenhouse. They are likely continuing to sell, but once they let up, along with confirmation of positive trial result, this stock will no longer be stuck in the range we see right now.

    Either way, we've hit the bottom of the range, and it's just a matter of time before we go back to 6 and then on continued institutional buying taking advantage of the risk/reward at these levels.

    Short term and long term bottom here, imho.

 
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