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Biotech / Medical : ABTI Alpha-Beta Technology
ABTI 0.0002000.0%Oct 31 9:30 AM EST
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To: ron forgus who wrote (534)8/29/1997 6:53:00 PM
From: Cacaito   of 572
 
Any little move up in this downtrend will be shown as a very short term uptrend (5 days Stochastics), by the same token the charts are showing overbought conditions already with just two days of a little up in the price.

Long term, is the same trend, downward. I will not be surprised if it hit $0.90.

There is no fungal treatment in the horizon (much more difficult to prevent or treat than bacterial infections). And there are very cheap alternatives to do that.

They do have a diagnostics product for early detection (not treatment) of fungal diseases and this was obtained with the adquisition of a small company from Colorado when the stock was heading higher (most of the payment was in stock, little cash involved). The product seems good, but posible market is probably between $5 to $10 million dollars (this last statement only a guess).

Any other posibilities? Betafectim is of zero value. No research is ongoing, and money is burning (both company and investors) Nobody will pay for their research value. Do they have any other trick? No.

Could someone make money just speculating with price changes. Maybe, but I do not invest, neither advise anybody to expose their cash this way. This is a dead deal. Company will dissapear at best.
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