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I got a strange feeling about MGEN today!!
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[QUOTE]Originally posted by ItsJustMe: [QB] RC, I am focusing on their psychology. If I were in their shoes and I was pretty confident that I was going to have a bangup product release at the same time my stock price was in the toilet, this is what I would do: Delay the product launch and begin quietly buying back the stock. What does that accomplish? It gives my management team, my family and my company more of the profits. What do I NOT want to do? Issue a puff news release or allow the stock to skyrocket for no visible reason which will attract the interest of speculators and drive the price up faster costing my company more money in its gradual buyback. Who are the very people who will catch on to what I'm doing? Not the PR watchers or the fundamentals guys. It would be chart watchers like yourself who catch on to the increasing volumes and the unexplained price pressure. I'm betting that if it IS insider buying, they won't be buying tomorrow. They'll wait until you and the stock ster have lost interest and moved on to other stocks. That would also explain the 1-day-surge/3-week-lull cycle this stock is on... [/QB][/QUOTE]
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