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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: X208 who wrote (418)	8/4/1997 4:50:00 PM
From: Allen Furlan	of 572

90% of time after "justified crash" stock will not climb back to greater than 2/3 of crash loss within 2 months. For ABTI my prediction is that stock does not reach 9.25 by mid September. So what you say? This AM I sold Sept 10 calls for 5/8. Since margin is 10% for these calls (greater than 10% out of the money) my cash requirement is approximately 63 dollars per naked call, and if my assessment is correct the profit is 60 dollars after commissions. This is 100% over 2 months or 600% annualized. Of course 10 % of the time you have to bail out with a big loss. Just thought you might like to consider another type of strategy.

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