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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 (70)	5/9/1997 7:54:00 PM
From: Wayners	of 572

Rosemary, Chiron really goofed. All of the biotechs should be in-tune to not making the same mistake. ABTI will have all their ducks in a row. Cephalon also got beat on today. I think a good way to go with biotechs is to buy into a straddle a few days before a decision by FDA. With CEPH lets say you bought $500 in calls and $500 in puts for the $20 strike. CEPH goes to $13, the $500 in calls are worthless, but the $500 in puts are now worth $3,500. Your profit is $3,000 on a $1,000 investment lasting only 1 or 2 days. That's a 300% gain!! That's all for now. Wayne

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