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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 (1169)	7/11/2005 11:33:49 AM
From: Jibacoa	Read Replies (2) of 3722

ABRX Opened with another downgap today and is trying to find support at the $1.72 level.The volume is now over 4M and the stock is down 40%.<g> After it received a list from the FDA concerning its products recall, it said that it is evaluating several "strategic options," including a possible bankruptcy filing. bigcharts.marketwatch.com The BV reportedly was around $5.<g> In March some institutions had a few millions invested in ABRX, including T.Rowe Price with 1,465,600 shares; Wellington Management 988,000 shrs; Schroder Investment 956,900 shrs; Lazard 955,513 shrs <g> It seems it merits to keep a close watch to see if it can close some of the recent gap.<g> I doubt it will bounce back to its BV level in the near future. Bernard

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