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Biotech / Medical : QDEL - Quidel more quick diagnosis

QDEL 24.35

+14.3%

Nov 21 9:30 AM EST

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To: Robert Busse who wrote (774)	5/12/1997 1:16:00 PM
From: Bill Ounce	of 1693

Warrants haven't really moved much yet... >>> >Looks like another good day so far - traded as high as 3 1/2 and warrants were up 40%!!!! Either someone knows something about tomorrow's numbers or there is a helluva lot of optimistic speculating going on!!! <<< QDELW technicals As I interpret the situation :-) +-----------------+ The warrants haven't really moved all that \| Bid: 1 5/16 \| much yet. Alot of the movement is just a \| Ask: 1 3/4 \| function of the spread and price. You get \| Spread: 7/16 \| a jump of 33% from just the spread alone. +-----------------+ But they have moved a little bit. Before the +-----------------+ lawsuit was announced, these warrants were \| 10/96 - 02/97 \| trading in a range of 1 1/2 to 3. After the \| 1 1/2 <-> 2 3/8 \| lawsuit was announced, they traded from 1 to \| --------------- \| 1 1/2. Today's 1 3/4 is 16 percent over the \| 02/97 - lawsuit \| last month's trading range. Perhaps this is \| 1 1/2 <-> 3 \| just a return to the 1 1/2 to 2 3/8 range. \| --------------- \| Hopefully, for warrant holders it's a hint of \| lawsuit - 05/97 \| much better things. \| 1 <-> 1 3/8 \| +-----------------+ Don't put much confidence in all this technical stuff for the long term, but seems to help out +-----------------+ a bit short-term. Really good news should \| GOOD LUCK \| bring the warrants up to 3. After that, don't +-----------------+ have a clue. Wish all the best.

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