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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 (49)	4/30/1997 8:18:00 PM
From: Wayners	of 572

<<If the past can be any predictor of the future, ABTI should do well in May and June as the Bio-tech industry charts predict. I like the move its making today again, and we aren't even in May yet. Hopefully, this is the start of the rise to its reporting FDA approval? Tell me its so.>> Rosemary, I too like the trend, and its looks good on the intraday charts as well. ABTI needs to continue the gradual trend upwards without significantly violating the upper bollinger bands. Another good sign is that my 3 day moving average is very, very close to penetrating the 12 day moving average to the upside for the first time since it began going down from $12.00. If ABTI had simply closed higher today, it would have penetrated the 12 day moving average, indicating at the least a temporary reversal in trend. It did not, making me wait for tomorrow. $7.50 is very strong bottom support level and the lower bollinger band has really flattened out at the $7.50 level. This could very well be the beginning of people accumulating shares in advance of the FDA's decision. I hope that ABTI gets up to $11.75 BEFORE the news comes out. What does your intuition tell you with regard to the potential FDA approval? With ATIS and their dermagraft I knew it would be approved--that was free money IMHO--which I was very happy to participate in. I do believe the past can be used to predict the future provided (1) a lot of other people are using the past to predict the future and (2) there is no interference from NEWS. No news to me means the movements are based solely on rumors and technicals. The technicals tell you what people think of the rumors that are floating around out there. Wayne

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