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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: Rosemary who wrote (320)	7/29/1997 12:03:00 AM
From: Zachary Prensky	of 572

Speaking to a few institutional players behind the August 10 Calls, many are saying that they'd exercize if the trials are succesful for a 6-9 month gamble on the FDA approval. Consensus seems to be 13-16 on the open if the phase III was positive, and $3/sh if it wasn't. My own personal inclination (I own the August 10s) is to hold a few days after the announcement until all the short term holders have sold (there are over 23,000 contracts, open, representing 2.3 million shares) and then hopefully watch some mutual funds pick up for the long haul. My own back of the envelope calculations says ABTI is worth $40/sh. post FDA approval. ZP

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