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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 (46)4/28/1997 9:04:00 PM
From: Wayners   of 572
 
Rosemary,

I hear you about the FOMC jitters. I've gone to the short side for all new trades. ABTI had a good jump today. I see upside potential to at least nine dollars and change short term. Not familiar with STBI. Seems that JBIL is Jabil Circuit but its been a long time. I shorted TWA today, looking for a relatively quick 10% flip or more. I can't decide what interest jitters will do to ABTI or biotechs in general, if anything,with the release of so much economic data this week. We'll see. When it gets anywhere close to $10 and it appears to be an intermediate term top, I'll write the $10 calls and watch it closely. Our pal Alan G. doesn't seem to understand that high employment and inflation DO NOT go together. In the 50s and 60s it was high employment and low inflation. In the 70s and early 80s it was high UNemployment and high inflation. Some people just don't get it. Hope you a most excellent weekend.

Wayne
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