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

BIB 75.48

+1.4%

Nov 14 4:00 PM EST

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To: Jibacoa who wrote (1022)	6/10/2005 11:52:41 AM
From: Jibacoa	Read Replies (2) of 3722

ABRX Is trying to find support at the $4 level, but it is still long way from trying to start closing its May 19 down-gap.(For that it will need to close above $11.<g>) The stock came down yesterday when ABRX announced that it was going to cut more workers.(It had already announced in May that it was going to trim about half of its workforce.) In May it also announced that it was suspending all shipments and initiating a full product recall because of quality control problems and that is what triggered the downgap.<g>. ABRX doesn't have any significant LTD and reportedly has more than $16M in cash. Although I am not in favor of "bottom fishing", it seems the R/R on ABRX is not bad at this level,since the worse news are probably over.<g> bigcharts.marketwatch.com Message 21355089 Bernard

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