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Biotech / Medical : ABTI Alpha-Beta Technology

ABTI 0.000200

0.0%

Nov 7 9:30 AM EST

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To: Cacaito who wrote (262)	7/11/1997 9:12:00 AM
From: g.w. barnard	of 572

cacaito: you make some very good points. "My Caveat: ABTI charts are showing a very strong distribution pattern (I call this hemorrhagic trickle down), going into the type III study August announcement I think is at best a simple case of profit taking, or terrible warning and key people know something (bad results coming), or a case of manipulation to accumulate under the shadow getting small investors scare so they can pick it up cheaper." i use tc2000 as well and the distribution pattern has slowed down in significantly in the past two day. as a matter of fact some large trades on the buy side have taken place. just what i want to see. vvus is a good example. could it be the same here. drive the price down then accumulate prior to release. i am playing it that way. i may pick some more up today if the pattern continues. as to the product. i am not knowledgable with this but i am again playing on the hunch that those deals (lipo and others) caused the market to overeact with respect to biotech's. i will leave it up to you to keep us informed as to viability of product. what is your opinion of impending rpt. gw

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