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Genzyme Molecular Oncol. (GZMO) Message Board

  • kunzem_1999 kunzem_1999 Jan 15, 2003 11:51 AM Flag

    reasons for that drop ?

    I am waiting for getting in. Are there any particular reasons for the drop today. Maybe this would be a nice opportunity

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    • a little after 10 am 10,000 shares were put up for sale. Usually that is too many shares at one time to flood this thinly traded stock.The market makers do not support this type of thinly traded stocks and therefore due to lack of enough buyers it dropped a lot. Sometimes others who find out of the sudden drop may buy shares and boost the price later in the day. You can never be sure though. IMHO this is a good time to get in but you should do your own due dilligence.