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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: biowa who wrote (73)	5/12/1997 8:25:00 PM
From: Wayners	of 572

Biowa, I'm not worried about the decline. I think its normal profit taking or people getting even as ABTI went up. This is a normal pattern with a stock as volatile as ABTI. It has a very low float and is easily subjected to large price fluctuations. My problem now is picking a price to buy those calls back. Its right in the middle of the bollinger bands at its short term moving average. It could bounce or it could continue to go down. It could bounce slightly and then start going down again. Looking at its trading history in the last 6 months where similar runups occurred after a bottom tends indicate that it will go lower, so that's what I'm betting on. I don't see gains only occurring with marketing approval. Give investors a week or two to forget about CEPH and CHIR. I think we'll see a run-up for sure in advance of the Phase III testing decision. Its strange things like CHIR retaining value that makes me believe more in charting than fundmamentals. Wayne

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