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SciClone Pharmaceuticals, Inc. Message Board

  • snogreen snogreen Mar 15, 2003 9:01 AM Flag

    Friday, last 14 minutes...

    Don't try and take this as anything "heavy", but just interesting. I wrote down on legal pad at 3:46 on Friday afternoon what our volume was. It was 179,000 shares.

    14 minutes later, we closed on total volume of 233,420.

    So, in the last 14 minutes we traded 54,420 shares.

    Just a tidbit...nothing more. I have hunches, and most feel pretty good.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Here are the trades after 3:46 on Friday. Looks like some decent sized buys.

      03/14/03 15:59:48 5.240 5.240 5.240 300
      03/14/03 15:59:01 5.250 5.180 5.200 2,900
      03/14/03 15:56:27 5.220 5.200 5.219 11,900
      03/14/03 15:53:46 5.220 5.220 5.220 2,100
      03/14/03 15:53:22 5.219 5.200 5.219 17,500
      03/14/03 15:52:05 5.200 5.190 5.200 1,600
      03/14/03 15:50:07 5.190 5.180 5.180 7,800
      03/14/03 15:49:00 5.181 5.180 5.181 9,400

    • RE: late day buying

      Late day buying is considered a good sign. When the pros see most of the day's action on a stock and buy, that means they see something they like. It is also nice that it happened to scln on a Friday, when many are afraid to be in the market. Of course, it may have taken all day just for the MM's to line up all those shares.

      Any significant rally from this level would get everyone's attention. I still think scln is going into a trading range but if it breaks out from here, we will see most chartists throwing money into scln hand over fist. All chartists, except our esteemed Mr. Pig6, as I believe he probably is close to 100% scln already, as he was with Scios from 22 to the $45 buyout news. He will be an interesting read when he comes back from whatever business he is on.


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