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Biotech / Medical : ABTI Alpha-Beta Technology
ABTI 0.200+99,900.0%Jun 17 12:34 PM EST
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To: Rosemary who wrote (20)4/12/1997 11:04:00 PM
From: Wayners   of 572
 
Rosemary,

I've looked very closely at the charts and believe that the $8.00 intraday price was the short term and probably the intermediate term low (4-6 weeks). The price drop significantly penetrated the lower 14 day, 2 standard deviation bollinger band on price. The volume was high enough to touch the 14 day, 2 standard deviation upper bollinger band on volume. A penetration of the upper bolling band on volume would be more significant, but this is a pretty good indicator. I look for the high volume to pinpoint the bottom on a stock going straight down like ABTI. RSI and stochastics indicate oversold and the RSI has actually penetrated a 14 day, 2 standard deviation lower bollinger band which I use as a confirming indicator. If you aren't a techie--sorry for making you read all of this. I should load up on more, but is it appropriate to put nearly all of your dollars in one stock for a short term play--even when you are 80% or more sure of success? Its tough.

Wayne
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