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Biotech / Medical : ABTI Alpha-Beta Technology

ABTI 0.000200

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Nov 7 9:30 AM EST

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To: biowa who wrote (176)	6/26/1997 6:43:00 PM
From: Wayners	of 572

<<Up for a little good natured ribbing about your "no way it goes below 9 1/2?" ;-)>> Hey Biowa, I don't know what to say other than I was flat out wrong. The thing that made it hard to predict was the narrow bollinger bands, basing price at $10. Those things can go either way real fast, but they generally follow the original trend. In this case, that would be up. Another thing that happens is you get a fakeout in the opposite direction from the true move. I did buy 5 contracts of the Jul 10s today for $0.50 each. Total bet of $250. I would love to the do the Aug expiration straddle but the calls and puts are extremely expensive. $10 puts were $2.875 and $10 calls were $2 last night. I haven't checked the close today or charts yet so I'll be back. Wayne

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