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Biotech / Medical : ABTI Alpha-Beta Technology
ABTI 0.0002000.0%Nov 7 9:30 AM EST

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To: biowa who wrote (114)6/3/1997 7:53:00 PM
From: Wayners   of 572
 
<<Was there any basis for your 6/30 date?>>

Biowa,

Yes and no. The annual report says, "We expect to have the analysis completed and results available at the end of the second quarter of this year." That is 6/30/97 to me, give or take a few days.

My current thoughts are to put in a stop at about $9.875 and also put in a limit buy order at about $9.25 to buy back the same shares that could get taken out in the stop. I wouldn't expect to get stopped out tomorrow, but if I did, I would expect it to retreat to $9.00. The $9.25 would be to ensure coverage of the spread and a refill of my shares. I'm really going to do this. I expect a really brief pullback, but the uptrend to remain in place. I just want to lower my basis some more. Pretty risky huh? Unless you follow charts and don't mind taking some risk, don't try this at home.

Wayne
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