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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: RICK SCHINZEL who wrote (445)8/4/1997 7:07:00 PM
From: Rosemary   of 572
 
Rick,

I can tell you what will happen, it takes 3 days or so for the news to hit everywhere. You may see some time at the 6ish level, but it will drift down to ?? The shorts are willing to wait for it to go down some more, and you may not see much coverage till it hits 3.

The mistake that some make, when they see that flurry of buying is just the shorts covering. There is a news item out from the company about how they do plan on going to the FDA for the PLA, but the analyst said they will have to re-do the test for the subset. If they don't re-do the test, they will simply be turned down. It will be years before they have anything to sell, and years till they make any money. Finding an uptick and shorting the stock, is the only way to go. It will just drift down.
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