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Biotech / Medical : Biotech & Pharma.T.A,

BIB 75.40

+5.5%

Nov 11 4:00 PM EST

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To: arnold silver who wrote (326)	3/10/2003 1:15:23 PM
From: Jibacoa	Read Replies (1) of 3722

ABMD Is up 7.2% on volume of 178.5K (more than 2x its daily average) after it received an "Approvable Letter" from the FDA for its AB5000 Circulatory Support System. The company reportedly has about $2.75 cash/share (enough for more than 2 years at its present burn rate)The insiders hold around 35% of the shares and there is a short position close to 15% of the float (about 54 days or 10 weeks to cover at its present average volume.<g>) The stock is down some from its earlier H.<g> siliconinvestor.com And needs to close above 4.50 before trying to test the resistance at 5.50 <g> siliconinvestor.com Bernard

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