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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 (90)	5/18/1997 8:31:00 PM
From: Wayners	of 572

<<Agreed. And I suppose whether this is the lead-up to results is a "million dollar question." Anyway, I like your strategy; once used a similar one with CHIR when it was stuck in a cycle shortly before the Ciba deal. That one moved 2-3.5 pts like clock work on a 3-6 day cycle.>> Biowa, I do follow CHIR, so I'll have to go back and look at its charts to fully understand your point. The next question I have to answer is where is the bottom? To answer this question for ABTI, the bottom price point should be indicated by a day of unusually high volume (volume peaking out above the 12 day bollinger bands I draw on volume itself), a fairly large decrease in price on that day, and the 12 day stochastics indicating oversold. I'll check RSI to see if RSI is below the 14 day lower bollinger band I draw in RSI also. I'll use the RSI as a confirming indicator. I will also look to see that the 3 day moving average on price is flattening out indicating a possible reversal. When all of these things or the preponderance of the evidence so indicates, I will buy back the Jun 7.5 calls, in anticipation of a rally that will hopefully take us at least to $12.00! Wayne

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